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it. its] i cost oi the home is nanced with a 30year xed-rate morlgage at 7.5%. Complete parts (a) through (e) below. Use PMTZ to
it. its] i cost oi the home is nanced with a 30year xed-rate morlgage at 7.5%. Complete parts (a) through (e) below. Use PMTZ to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $1 F1000. The bank requires a 20% down payment and three points at the time of closing. The a. Find the required down payment. $ b. Find the amount at the mortgage. $ . How much must be paid for the three points at closing? 6B0 [Round to the nearest dollar as heeded.) n. . Find the monthly payment (excluding escrowed taxes and insurance). 6B [Round to the nearest dollar as heeded.) e. Find the total cost of interest over 30 years. 5 [Round to the nearest dollar as heeded.)
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