Calculate your monthly payments and total closing costs

FratBro23
Category:
Mathematics
Price: $5 USD

Question description

You need a loan of $100,000 to buy a condo.  Calculate your monthly payments and total closing costs for each choice

                                Choice 1: 30-year fixed rate at 4.5% with closing costs of $ 1308 and no points

                                Choice 2: 20-year fixed rate at 4% with closing costs of $ 1308 and 4 points

How do I solve this question step by step I have a test on the 13th and I need help remembering the steps

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UT Austin
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