Caleb is applying for a loan that requires no down payment. which statement is true?

a.
if caleb makes a down payment, it will lower the total cost of the loan.
b.
if caleb makes a down payment, it will raise the total cost of the loan.
c.
if caleb makes a down payment, it will increase the loan term.
d.
making a down payment has no effect on the total cost of the loan.