Calculate your monthly payments and total closing cost

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

Can you help me solve so I know the steps in this problem?

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