You are purchasing a home for $220,000 and are shopping for a loan. You have a total of $40,000 to put down. In addition, there are $800 in closing costs loan and any loan fee that might be charged. Bank A offers a 10% APR amortized over 20 years with 240 equal monthly payments. There is no loan fee. Bank B offers an 8.5% APR amortized over 20 years with 240 equal monthly payments. There is a 4% loan fee (one time up front loan charge of 4% of the loan. Calculate the monthly mortgage payment of both loans and identify which is the better loan.