Question

Leah is financing $340,000 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 6.475% instead of not buying points with a rate of 6.85%?

Answer 1

@retirEEd ?

Answer 2

First do 340,000 / 30.

Answer 3

Then when you get your answer multiply that by 6.475 and subtract that number from 11,333. and the same for the next percentage.