Does anyone know how to get the correct answer ?:

2) Lindsay is financing $350,000 to purchase a house. How much money will she save over the life of a 30-year, fixed-rate loan by buying 3 points with a rate of 6.375% instead of not buying points with a rate of 6.75%?
My answer: D. $31,158
Correct answer: C. $20,658

Question

Does anyone know how to get the correct answer ?:

2) Lindsay is financing $350,000 to purchase a house. How much money will she save over the life of a 30-year, fixed-rate loan by buying 3 points with a rate of 6.375% instead of not buying points with a rate of 6.75%?
      My answer: D. $31,158
Correct answer: C. $20,658

anonymous · Answer

@Figureskater120  or @wolfe8  do you know ?

wolfe8 · Answer

Oh boy I do not get finance terms. Sorry. Good luck.

anonymous · Answer

thanks

anonymous · Answer

@johnweldon1993

anonymous · Answer

i would love to help but im bad with finance's sorry