Based on the following scenario, how much is the monthly savings when comparing a conventional loan with mortgage insurance to the equity line second mortgage option? The borrower plans to put 10%...

Extracted text: Based on the following scenario, how much is the monthly savings when comparing a conventional loan with mortgage insurance to the equity line second mortgage option? The borrower plans to put 10% down on a sales price of $325,000. The first mortgage interest rate is 6 1/4% on a 30-year fixed-rate The second mortgage is 4.250% Use $270 for monthly taxes and $85 for monthly homeowner's insurance MI Factor = .62 Choices: $227.18 $236 14 $191.86 $183.12