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A homeowner can obtain a $300,000, 15-year foxed-rate mortgage at a rate of 3.5 percent with zero points or at a rate of 3
A homeowner can obtain a $300,000, 15-year foxed-rate mortgage at a rate of 3.5 percent with zero points or at a rate of 3 percent with 2 points. If you will keep the mortgage for 15 years, what is the net present value of paying the points (ie, present value of monthly saving-initial cost)?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
