Barry and Bernice have obtained a 30-year, fixed-rate mortgage for $635,250 with a 7.35% interest rate. They

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Barry and Bernice have obtained a 30-year, fixed-rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points and their rate is now 6.925%. Factoring in the cost of points, when is the break-even point on their mortgage?

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Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell ,Stanley L. Brue,David Macpherson

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Posted Date: Aug 29, 2020 12:30 AM

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Barry and Bernice have obtained a 30-year, fixed-rate mortgage for $635,250 with a 7.35% interest rate. They

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They paid 2635250 12705 the payment on their mortgage is P Lc1 cn1 cn 17... View the full answer

Contemporary Labor Economics

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