The price of a home is $180,000. The bank requires a 20% down payment and two points at the time of closing. The cost of the home is financed with a 20-year fixed-rate mortgage at 6.5%.

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10-06-2024
Mathematics

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The price of a home is $180,000. The bank requires a 20% down payment and two points at the time of closing. The cost of the home is financed with a 20-year fixed-rate mortgage at 6.5%.

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