Mathematics
Mathematics, 12.03.2020 21:30, alainacorkell2087

Dominic considers buying 2 points on a 25-year, fixed rate mortgage for $187,600. His interest rate will be 5.45% if he does not purchase the
points. If he does purchase the points, his interest rate will decrease to 5.2%. What would be the break-even point on Dominic's mortgage
considering the cost of the points?

answer
Answers: 1

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Dominic considers buying 2 points on a 25-year, fixed rate mortgage for $187,600. His interest rate...

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