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Mathematics, 02.05.2021 23:20 elsauceomotho

Consider the following pair of loan options for a ​$115,000 mortgage. Calculate the monthly payment and total closing costs for each option. Explain which is the better option and why. Choice​ 1: ​30-year fixed rate at 3.5​% with closing costs of ​$2300 and 1 point.
Choice​ 2: 30​-year fixed rate at 3.25​% with closing costs of ​$2300 and 4 points.


Consider the following pair of loan options for a ​$115,000 mortgage. Calculate the monthly payment

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Consider the following pair of loan options for a ​$115,000 mortgage. Calculate the monthly payment...

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