Question

The price of a home is 145,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30 year fixed-rate mortgage at 9.5%

Sep 28, 2021

Related Questions

Use the formula PMT = (P(r/n))/[1 - (1 + r/n) ^ (- n * l)] to determine the regular payment amount,... Use the formula PMT = (P(r/n))/[1 - (1 + r/n) ^ (- n * l)] to determine the regular payment amount,... Use the formula PMT = (P(r/n))/[1 - (1 + r/n) ^ (- n * l)] to determine the regular payment amount,...