Question
The Hills obtain a30-year, $144,000 conventional mortgage at a4.5% rate on a house selling for$180,000. Their monthly mortgagepayment, including principal andinterest, is$729.63. They also pay
The Hills obtain a30-year, $144,000 conventional mortgage at a4.5% rate on a house selling for$180,000. Their monthly mortgagepayment, including principal andinterest, is$729.63. They also pay 2 points at closing. Determine the total amount the Hills will pay for their house over 30 years.
The total amount is $
.
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
