Mathematics, 16.01.2021 21:40 gladtobesmart123

Without buying points, a monthly mortgage payment will be $1,570. Buying 1 point at closing would reduce the payment to $1,550. To the nearest year, how long would it take to break even by buying 1 point, with a $100,000 mortgage?

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Without buying points, a monthly mortgage payment will be $1,570. Buying 1 point at closing would re...

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