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You purchase a home with a 30-year mortgage of $260,000. Mortgage A has an interest rate of 9%, a monthly payment of $2,092.02, and no

You purchase a home with a 30-year mortgage of $260,000.

Mortgage A has an interest rate of 9%, a monthly payment of $2,092.02, and no points. Mortgage B has an interest rate of 8.7%, a monthly payment of $2,036.14, and 1 point.

If you plan to keep the same mortgage for 15 years before relocating or refinancing, which mortgage is more advantageous?

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