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Value of the house 200,000. You are using a 30-year mortgage. Also, you are putting down 20%. You have two options: a. The mortgage rate
Value of the house 200,000. You are using a 30-year mortgage. Also, you are putting down 20%. You have two options: a. The mortgage rate of 3.5% with no points. b. The mortgage rate of 3.35% and 1 point. Which option should you choose?(Please show all your work) Value of the house 200,000. You are using a 30-year mortgage. Also, you are putting down 20%. You have two options: a. The mortgage rate of 3.5% with no points. b. The mortgage rate of 3.35% and 1 point. Which option should you choose?(Please show all your work)
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