The price of a home is $180,000. The bank requires a 15% down payment. The buyer is offered two mortgage options: 15-yearfed at 7.5% of 30 yearfixed at 7. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 15 year option? Use the folowing formula to determine the regular payment amount PMT- 1 Find the monthly payment for the 15-year option (Round to the nearest dollar as needed) Find the monthly payment for the 30-year option (Round to the nearest dollar as needed) Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 15-year option? (Use the answers from parts 1 and 2 to find this answer.)