Consider the following pair of loan options for a $140,000 mortgage. Calculate the monthly payment and total closing costs for each option. Explain which is the better option and why. Choice 1: 15-year fixed rate at 4.5% with closing costs of $1800 and 1 point. Choice 2: 15-year fixed rate at 4.25% with closing costs of $1800 and 4 points. What is the monthly payment for choice 1? (Do not round until the final answer. Then round to the nearest cent as needed.) What is the monthly payment for choice 2? (Do not round until the final answer. Then round to the nearest cent as needed.) What is the total closing cost for choice 1? What is the total closing cost for choice 2? Why might choice 1 be the better choice? A. The closing costs are lower. B. The monthly payment is lower. OC. The closing costs are higher. OD. The monthly payment is higher. Why might choice 2 be the better choice? OA. The monthly payment is lower.