the price of a home is 183,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30 year fixed rate mortgage at 9%

A. find the required down payment
B. find the amount of martgage
C. how much must be paid for the three points of closing
D. find the monthly payment (excluding taxes and insurance)
E find the total cost of interest over 30 years

Question

the price of a home is 183,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30 year fixed rate mortgage at 9%

A. find the required down payment
B. find the amount of martgage
C. how much must be paid for the three points of closing
D. find the monthly payment (excluding taxes and insurance)
E find the total cost of interest over 30 years

anonymous · Answer

i just need help with d!

anonymous · Answer

I got 
A=36600
B=146400
C=4392