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Mathematics, 30.03.2021 21:00 gracemartin4535

Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points and their rate is now 6.925%. Factoring in the cost of points, when is the break-even point on their mortgage? 2 years, 11 months
3 years, 11 months
5 years, 10 months
2 years, 4 months

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Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest ra...

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