You need a loan of $170,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how you would decide between the two choices Choice 1: 20-year fixed rate at 5% with closing costs of $1600 and no points Choice 2. 20-year fixed rate at 4.5% with closing costs of $1600 and 3 points. What is the monthly payment for choice 1? (Do not round until the final answer Then round to the nearest cent as needed)