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Using PMT determine the better deal, round to the nearest dollar. Price of the duplex is $410,000, the bank requires 10% and will offer 7%

Using PMT determine the better deal, round to the nearest dollar. Price of the duplex is $410,000, the bank requires 10% and will offer 7% financing with 4 points. You can take the normal loan with 20% at 6.25% with 2 points or If you can aquire 30% down the bank will adjust your rate to 5.20% with 0 points.

What is the best deal?

What are the total costs of interest for each mortgage ?

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