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2. Determine the monthly payment if the Digbys finance the 1.5 points (that is, they take the points, but add their cost to the principal

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2. Determine the monthly payment if the Digbys finance the 1.5 points (that is, they take the points, but add their cost to the principal of the loan). Do not forget that the cost of the points represents pre-paid interest. a Determine the Digby's total monthly payments. b. Determine the amount of interest the Digby's would pay over the life of the 30-year mortgage. 2 c. What is the total amount they will pay for the mortgage? d. What is the total amount they will pay for the house? 1. The Digby's find a house selling for $360,000. They are going to make a 15% down payment and finance the rest for 30 years. The bank offers a 3.0% mortgage rate with 1.5 points or 3.3% with 0 points

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