You Need a Loan of $100,000 to Buy a Condo $1 : 30$

You need a loan of $100,000 to buy a condo. Calculate your monthly payments and total closing costs for each choice.
-Choice $1 : 30$ -year fixed rate at $4.5 \%$ with closing costs of $\$ 1308$ and no points Choice 2: 20-year fixed rate at $4 \%$ with closing costs of $\$ 1308$ and 4 points

A) Choice 1: $\$ 510.04 ; \$ 1308$
Choice 2: \$609.07; \$5058

B) Choice 1: $\$ 506.69 ; \$ 1308$
Choice 2: \$605.98; \$5308

C) Choice 1: $\$ 496.67 ; \$ 1308$
Choice 2: \$595.94; \$5108

D) Choice 1: $\$ 516.61 ; \$ 1308$
Choice 2: \$615.99; \$2616