A bank offers the following loans:

Bank A Bank B
$105,000
30-year fixed
5.875%
1.25 discount points
M = $621.11
$105,000
30-year fixed
6%
0 discount points
M = $629.53

What is the break-even point for the loans? (4 points)
about 7 years
about 10 years
about 13 years
about 16 years