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Question 5 (4 ponts Solve the problem. The price of a home is $430,000. The bank requires a 20% down payment and owo points at

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Question 5 (4 ponts Solve the problem. The price of a home is $430,000. The bank requires a 20% down payment and owo points at the time of dasing. The cost of the home is financed with a 25-year fixed-rate mortgage at 6.5%. a, Find the required down payment. b. Find the amount of the mortgage. C. How much must be paid for the two points at closing? d. Find the total cost of interest over 25 years, to the nearest whole dollar a b a. down payment: $86,000 b. amount of mortgage: $344,000 c. points paid at closing: 58600 d. total cost of interest over 25 years: 5526.750 a. down payment: $86,000 b. amount of mortgage: $344,000 c. points paid at closing: 56880 d. total cost of interest over 25 years: $554,872 a down payment: $86,000 b. amount of mortgage: $344,000 c. points paid at dosing $6880 d. total cost of interest over 25 years: 1352,600 a down payment: $86,000 b. amount of mortgage: $344,000 c. points paid at closing $6880 d. total cost of interest over 25 years: $266,600 d Time left for this assessment 232:40

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