Emily purchased a house for $384,000. She made a 20%
down payment and received a 30-year mortgage at 4.21% plus 2
points. What is the total cash needed for this transaction
including the down payment and the points?
I got the wrong answer, but it should be
82,944.00. I need your help in calculating this
example correctly.
Emily purchased a house for $384,000. She made a 20% down payment and received a 30-year mortgage at 4.21% plus 2 points
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Emily purchased a house for $384,000. She made a 20% down payment and received a 30-year mortgage at 4.21% plus 2 points
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!