Question:

# The Nicols are buying a house selling for 235 000 They pay a

Last updated: 1/24/2024

The Nicols are buying a house selling for 235 000 They pay a down payment of 35 000 from the sale of the current house To obtain a 15 year mortgage at a 6 interest rate the Nicols must pay 2 5 points at the time of closing a What is the amount of the mortgage b What is the cost of the 2 5 points a The amount of the mortgage is