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Determining the monthly payment

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For a 30 year fixed rate which loan you pick?

A. A lender that has an interest rate of 5.375% with a monthly payment of $2593 with a loan organization fee that cost $850 and a point fee of 1.757 and cost $6240, with an addition fee of tax related service fee $79 and flood cert fee $12.

B. A lender that has an interest rate of 5.625% with a monthly payment of $2636 with a loan origination fee that cost $1195, underwriting fee that cost $1055 and a point fee of 1.93 and cost $6176, with addition fee tax related service fee $85 and a wire transfer fee of $75.

C. A lender that has an interest rate of 5.875% with a monthly payment of $2679 with a point 1.771 fee that cost $5667 and an underwriting fee that cost $1050.

Reference no: EM133275481

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