Mathematics, 02.03.2020 02:14, chynaroyal19

You want to buy a $205,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at 5.25% interest for the rest.

a) What is the amount of the down payment?

$

b) What will the amount of the mortgage?

$

c) The bank charges 1.5 points on the loan. What is the amount charged for points?

Answers: 1

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You want to buy a $205,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan...