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You want to buy a $158,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 6.65%

You want to buy a $158,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 6.65% interest for the rest.
a.) what is the amount of the down payment?
b.)what will the amount of the mortgage be?
c.) the bank charges 2 points on the loan. What is the amount charged for points?
image text in transcribed
You want to buy a $158,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 6.65% interest for the rest. a) What is the amount of the down payment? b) What will the amount of the mortgage? c) The bank charges 2 points on the loan. What is the amount charged for points

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