You need a loan of $195,000 to buy a home. Calculate your monthly payments and total dosing costs for each choice below. Briety discuss how you would dece between the two choice Choice 1: 30-year fixed rate at 4% with closing costs of S1900 and no points. Choice 2: 30-year fixed rate at 3.5% with closing cost of $1900 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.) What is the monthly payment for choice 2? (Do not round until the final answer. Then round to the nearest centus noeded) What is the total closing cost for choice 17 What is the total closing cost for choice 2? Why might choice 1 be the better choice? O A The monthly payment is higher B. The monthly payment is lower OC. The closing costs are lower Click to select your answers) MacBook Pro 15 DOO BO 3 A 7 7 esc 6 % 5 # At @