A borrower takes out a 30-year FRM for $300,000 with an annual interest rate of 4% plus
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A borrower takes out a 30-year FRM for $300,000 with an annual interest rate of 4% plus 3 discount points. All the loan closing fees is $3,000 including fees to third parties. The monthly payment of the loan is $1,432.2459.
Q: How much is the loan discount point payment at loan closing?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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