Your bank is offering 5.5% fixed-rate mortgage, requiring a down payment equal to 10% of the home's purchase price. The lender estimates that closing costs should equal $750 plus three points. How much will closing costs be on a $200,000 home? What are the pros and cons of fixed and adjustable rate loans?

Answer rating: 100% (QA)

closing costs should equal 750 plus three points 3 points means 0 03 cl... View the full answer