E Question The Fritzes are buying a house that sells for $95,000. The bank is requiring a minimum down payment of 15%. To obtain a 35-year mortgage at 9.5% interest, they must pay 2 points at the time of closing
a) Determine the required down payment.
b) Determine the amount of the mortgage on the property with the 15% down payment.
c) Find the cost of 2 points on the mortgage
a) The required down payment is s