Question

You need a loan of $100,000 to buy a condo. Calculate your monthly payments and total closing costs for each choice. 13) Choice 1: 30-year fixed rate at 4.25% with closing costs of $1137 and 1 points Choice 2: 20-year fixed rate at 3.75% with closing costs of $1137 and 3 points a.) monthly payment b.) total closing costs

Answer 1

$113 t. 123500 22 7500 = MO 160 Montly ymead S1n4 cost = 2137 Tnte 0. 2 360 31,37 + 3%of rooooo $4 137 y wey 4137