asked 174k views
1 vote
Louisa is purchasing a $125,000 home and her bank is offering her a 30 year mortgage at a 4.75% interest rate. In order to lower her monthly payment, Louisa will make a 20% down payment and will purchase two points. What will her monthly mortgage payment be?

asked
User Atadj
by
8.7k points

1 Answer

3 votes

Answer:

$506.69

Explanation:

answered
User Imaginary
by
8.2k points

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