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The price of a home is $185, 000. The bank requires a 10% down payment and three points at the time of closing. The cost

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The price of a home is $185, 000. The bank requires a 10% down payment and three points at the time of closing. The cost of the hour is financed with a 30-year fixed rate mortgage at 10% compounded monthly Find the amount of the mortgage How much must be paid for the three points at closing? Find the monthly payment (excluding escrowed taxes insurnace) Find the total cost of interest over 30 years. Use the rounded answer from above as your payment

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