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 6.15% to 5.90% on your $417.000, 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 monthly mortgage payment at 6.15% APR is $ 2540.48 . (Round to the nearest cent) The monthly mortgage payment at 5.90% APR is $ 2473.38. (Round to the nearest cent) The lower interest rate on the mortgage results in monthly savings of $ (Round to the nearest cent.)