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You need a loan of $145,000 to biy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how

You need a loan of $145,000 to biy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how you would decide between the two choices.

Coice 1: 20 year fixed rate at 7% with closing costs of $2100 and no points.

Choice 2: 20 year fixed rate at 6.5% with closing costs of $2100 and 2 points.

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