You have no idea what will happen with the interest rates, but you know one thing $$ this is your dream home, and you will never move out. Given your circumstances the absolute maximum you can afford for a down payment is $$120,000.$

Which mortgage should you choose with a deposit of $$120,000?$

Mortgage $1-30-$year fixed rate conventional mortgage

Mortgage $2-7/2$ adjustable rate mortgage

Mortgage $3-5/1$ adjustable rate mortgage

Mortgage $4-15-$year fixed rate conventional mortgage

Mortgage $5-10/1$ adjustable rate mortgage

Group of answer choices

$1$

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$5$