Business, 14.01.2022 17:20 raiindrxp

12. Without buying points, a monthly mortgage payment will be $1,250. Buying 1 point at closing would reduce the payment to $1,236. To the nearest year, how long would it take to break even by buying 1 point, with a $100,000 mortgage? a. 5 years b. 6 years c. 7 years d. 8 years.

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12. Without buying points, a monthly mortgage payment will be $1,250. Buying 1 point at closing woul...

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