Your mortgage broker also offers you a mortgage with 3 points and a 5.25% interest rate. What is your monthly payment on this option?

You have just bought a new house for $360,000 and are taking out a mortgage for $288,000.

Using the information copied below from the prior problem: Your mortgage broker also offers you a mortgage with 3 points and a 5.25% interest rate. What is your monthly payment on this option? You have just bought a new house for $360,000 and are taking out a mortgage for $288,000