Using the same 2700 for closing costs mentioned in

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Using the same $2700 for closing costs mentioned in part a , determine the total you could expect to pay at closing for this loan option. List the costs (2 pts.). $2700+1170=$3870.34 CLOSING COST 3 080514
Loan 4 scenario: Suppose your bank were offering a lower interest rate for a 15-year fixed loan if you pay 4 points (4% of the loan amount) as part of your closing costs (not rolled into your mortgage amount). You are still required to put 10% down for a 15-year fixed loan but your interest rate is now 1.0% lower. Calculate the mortgage payment for this scenario. d. Loan 4: (the 15-year fixed mortgage with points)

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