Mathematics, 10.07.2019 03:20, glocurlsprinces
You need a loan of $150,000 to buy a home. calculate your monthly payments and total closing costs for each choice below. briefly discuss how you would decide between the two choices.
choice 1: 15- year fixed rate at 6% with closing costs of $1900 and no points
choice 2 15 year fixed rate at 5.5% with closing costs of $1900 and 4 points.
what is the monthly payment for choice 1?
what is the monthly payment for choice 2?
Answers: 2
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