The Fritzes are buying a house that sells for 141 000 The

Last updated: 1/24/2024

The Fritzes are buying a house that sells for 141 000 The bank is requiring a minimum down payment of 10 To obtain a 35 year mortgage at 9 0 interest they must pay 2 points at the time of closing a Determine the required down payment b Determine the amount of the mortgage on the property with the 10 down payment c Find the cost of 2 points on the mortgage a The required down payment is