Tyrone is considering a purchase of a $145,000 home at 5.75%. under this rate, his mortgage payment would be $846.18. if he purchases a point, his new mortgage payment is $834.70. how many months would it take him to break-even on the points purchase?

Step-by-step explanation:

Answer is 127 -apex

The answer is d. 127 months

Step-by-step explanation:

Mortgage loan amount is the amount you wish to borrow for your home mortgage.

To calculate how many months would it take him to break-even on the points purchase you must:

-You know the amount of your monthly payment at the interest rate to be charged if Tyrone does not buy points: $ 846.18

-You know the amount of your monthly payment at the lowest rate if Tyrone pays points: $ 834.70

-Subtract the lower payment from the higher payment to find the amount saved each month:  $846.18 - $834.7 = $11.48

- The cost of each point is equal to one percent of the loan amount. So, for a $145,000 loan, one discount point equals $1,450. Taking this into account, finally, you divide that amount charged for points at closing ($1,450) by the monthly amount saved. The result is the number of months you must keep the loan to break-even on paying points.

(approximately )

This means that 127 months would it take him to break-even on the points purchase

spinning a 1, 2, or 3. option d.

step-by-step explanation: when spinning a number graph up to 4, and aiming for any number less than 3, that automatically eliminates the number 4. now you have two numbers to spin on that are less than 3, but the number 3 is included in this question because it's no greater of an number than itself. i hope this you : )

according to the triangle sum theorem, all the angles in a triangle must add up to 180 degrees. if we know one angle is already 90, we do 180-90=90. the other 2 angles must add up to 90, exactly.

step-by-step explanation: