Mathematics, 12.01.2021 19:20 iliketurtures

Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would reduce the payment to $948.75. If each point costs $1000.00, rounded to the nearest year, how long would it take to break even by buying 1 point? a.
7 years
b.
8 years
c.
9 years
d.
10 years

Answers: 2

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Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would redu...