How much will you need for the closing costs on a $259,000 home that needs 10% down

payment and has 4 points at closing?

For the home in the above question you secured a 30-year mortgage with an APR of 3.25%.

a. What is the monthly payment?

b. How much will you pay back to the lender?

c. How much interest have you paid?

d. What percent of what you pay to the lender is interest