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You are considering the following options on a $250,000 mortgage: 1) A 15-year 3% fixed-rate; 0...

You are considering the following options on a $250,000 mortgage:

1) A 15-year 3% fixed-rate; 0 points

2) A 15-year 2% fixed rate with 2 points

If you plan to repay the mortgage after five years, you will have to pay _______________ to retire the mortgage if you choose option 1, and you will have to pay _________________ to retire the mortgage if you chose option 2.

Group of answer choices

$178,794.19 ; $174,840.74

$96, 081.01; $91,784.12

$146,413; $153,473.80

$250,000; $250,000

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