You are buying a house and the mortgage company offers to let you pay a "point" ( 1.0% of the total amount of the loan) to reduce your APR from 6.50% to 6.25% on your $400,000,30-year mortgage with monthly payments. If you plan to be in the house for at least five years, should you do it? (Note: Be careful not to round any intermediate steps less than six decimal places.) The balance of the mortgage at the end of five years at 6.25% APR is $ (Round to the nearest cent.) You are buying a house and the mortgage company offers to let you pay a "point" ( 1.0% of the total amount of the loan) to reduce your APR from 6.50% to 6.25% on your $400,000,30-year mortgage with monthly payments. If you plan to be in the house for at least five years, should you do it? (Note: Be careful not to round any intermediate steps less than six decimal places.) The balance of the mortgage at the end of five years at 6.25% APR is $ (Round to the nearest cent.)