Mathematics, 16.06.2021 14:30 faithmccarroll3939

Without buying points, a monthly mortgage payment will be $1,250. Buying 1 point at closing would reduce the payment to $1,236. To the nearest year, how long would it take to break even by buying 1 point, with a $100,000 mortgage? a.
5 years
b.
6 years
c.
7 years
d.
8 years

Answers: 3

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Without buying points, a monthly mortgage payment will be $1,250. Buying 1 point at closing would re...