You have been relocated from Cleveland to New York to begin your new career in finance. The relocation company offers you 3-2-1 Buydown Financing. The primary home you find has a value of $675,000. You have a 20% down payment on a 30-year Fixed Rate Mortgage, Monthly Payments, 4.375% Interest Rate. Property Taxes are 110 Mills with 80 Effective Mills. Fees for this loan are $3375 and it cost 1 point to get the loan rate down to 4.375%, both were paid up front. What is the value of the required buy down account? You have been relocated from Cleveland to New York to begin your new career in finance. The relocation company offers you 3-2-1 Buydown Financing. The primary home you find has a value of $675,000. You have a 20% down payment on a 30-year Fixed Rate Mortgage, Monthly Payments, 4.375% Interest Rate. Property Taxes are 110 Mills with 80 Effective Mills. Fees for this loan are $3375 and it cost 1 point to get the loan rate down to 4.375%, both were paid up front. What is the value of the required buy down account