A homeowner can obtain on property valued at $250,000, a 30-year fixed-rate mortgage, LTV=90%, at a rate

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A homeowner can obtain on property valued at $250,000, a 30-year fixed-rate mortgage, LTV=90%, at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.25 points. If she will keep the mortgage for 30 years, what is the net present value of paying the points (to the nearest dollar)?

Posted Date: Jun 06, 2024 03:14 PM

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A homeowner can obtain on property valued at $250,000, a 30-year fixed-rate mortgage, LTV=90%, at a rate

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