Business, 10.10.2019 03:00 raymondanthony6567

You have been relocated from cleveland to new york to begin your new career in finance. the relocation company offers you 3-2-1 buydown financing. the primary home you find has a value of $675,000. you have a 20% down payment on a 30-year fixed rate mortgage, monthly payments, 4.375% interest rate. property taxes are 110 mills with 80 effective mills. fees for this loan are $3375 and it cost 1 point to get the loan rate down to 4.375%, both were paid up front. what is the value of the required buy down account?

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You have been relocated from cleveland to new york to begin your new career in finance. the relocati...

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