Use the following information to answer the next three questions: Suppose a home buyer is faced with two options to finance his $287.000 home purchase. Option 1 is a 70% LTV loan at 1.85% for 15 years with monthly payments. Option 2 is a 90% LTV loan at 3.35% for 30 years with monthly payments. The lender quotes 2 discount points with Option 1 and 1 discount point with Option 2. The lender also quotes a 1% origination fee for both loans. Finally, the lender quotes a 4% prepaymenl penalty for both loans. 3 pts > Question 25 Assume the buyer intends to sell the home and repay the loan after 12 years. What is the total payoff on loan 1 at that time? $46,545.54 O $51.148.94 $79.268.47 $133,583.03 O $152,666.32 nection 26 3 pts Question 26 3 pts Assume the buyer intends to sell the home and repay the loan after 12 years. What is the total payoff on loan 2 at that time? o $108,284,87 $122,692.26 O $137.745.17 O $163,968.66 O $191,843.34 Question 27 4 pts D Question 27 4 pts Assume the buyer intends to sell the home and repay the loan after 12 years. What is the incremental borrowing cost of the extra financing obtained if Option 2 is selected? 1.22% 3,43% 4.68% O 5.77% 07.19%