Suppose a certain individual is applying for a home mortgage loan. The cost of the house in question is $200,000, and they are prepared to make a 10% down payment. The lending institution offers a 20 conventional mortgage at 5.0% and it requires an additional 3 points to be paid at the time of approval. How much is due at the time of approval?

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The down payment on the house is 10 of 200000 which is 20000 Th... View the full answer