Which option should you choose? (calculate the present value of future savings)
Financial economics Value of the house 500,000. You are using a 30-year mortgage. Also, you are putting down 20%. (Show your work) You have two options: a. Mortgage rate of 4.5% with no points. b. Mortgage rate of 4.35% and 1.5 points. Which option should you choose? (calculate the present value of future savings)