Cmpare the two loans what are their monthly payments and , Financial Management

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Cmpare the two loans what are their monthly payments and

Loan Option 1: 279,000; 5.3875%; 30 years with 1 point

Loan Option 2: $279,000; 5.875%; 30 years with no points

Compare the two loans:

(a) what are their monthly payments and

(b) if you chose the loan with points, how long would it take for you to break even?

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Financial Management: Cmpare the two loans what are their monthly payments and

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Financial Management: Cmpare the two loans what are their monthly payments and

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