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You need a loan of ​$175 comma 000 to buy a home. Calculate your monthly payments...

You need a loan of ​$175 comma 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: 30​-year fixed rate at 4​% with closing costs of ​$1300 and no points. Choice​ 2: 30​-year fixed rate at 3.5​% with closing costs of ​$1300 and 2 points.

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