The price of a home is $227,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 7.5%. A. how much must be paid for the three points at closing? B.Find the monthly payment? C.Find the total cost of interest over 30 years?

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The price of a home is $227,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 7.5%. A. how much must be paid for the three points at closing? B.Find the monthly payment? C.Find the total cost of interest over 30 years?
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