Brenna decided to purchase 4 points in order to lower the interest rate on her $175,000 mortgage. How much additional money does she need to bring to closing for the points she wishes to purchase?

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asked Apr 2, 2022 112k views

9 votes

Brenna decided to purchase 4 points in order to lower the interest rate on her $175,000 mortgage. How much additional money does she need to bring to closing for the points she wishes to purchase?

Mathematics
high-school

Khalil Al Hooti asked

by Khalil Al Hooti

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2 Answers

13 votes

Answer:

$6000

Explanation:

Adam Caviness answered Apr 3, 2022

by Adam Caviness

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9 votes

Answer: $7,000

Explanation:

Confirmed

Lowkey answered Apr 9, 2022

by Lowkey

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