TheMortgageReports.com reported the median price of a home sold in the United States hit a record high in 2020 at just above $320,000. Juan Carlos Soto, Jr., wants to purchase a new home for $305,500. Juan puts 20% down and will finance the remainder of the purchase. Compare the following two mortgage options he has: 10 years at 3.5% or 15 years at 5%. (Use Table 15.1.)