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Mary and Joseph are buying a house for $ 2 2 8 , 5 5 0 . They will make a minimum 3 % down

Mary and Joseph are buying a house for $228,550. They will make a minimum 3% down payment, and closing costs will total $2,100. Annual property taxes are $2,894 and homeowners insurance is $757 annually.
a. How much would they pay to lower their rate by buying 2 points?
b. How much money will they need up front?

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