The Ruffins are negotiating with two banks for a mortgage to buy a house selling for $125,000. The terms at bank A are a 25% down payment, an interest rate of 11%, a 25-year conventional mortgage, and 2 points to be paid at the time of closing. The terms at bank B are a 15% down payment, an interest rate of 10.5%-year conventional mortgage, and no points. Which loan should the Ruffins select in order for the total cost of the house to be less? Click here for table of Monthly Payments From which bank should the Ruffins take the loan? Bank B Bank A