Each point costs 1% of the mortgage amount.
Multiply: $320,000 * 0.03 = ??
http://www.bankrate.com/brm/calsystem2/calculators/InterestVsPoints/default.aspx
The Smith’s bank will charge them 3 points for a $320000 mortgage.
What is the amount of money they will pay for the points?
2 answers
Thanks