Darryl is considering a purchase of a $125,000 home at 6.5%. Under this rate, his mortgage payment would be $790.10. If he purch

Question

Darryl is considering a purchase of a $125,000 home at 6.5%. Under this rate,

his mortgage payment would be $790.10. If he purchases a point, his new

mortgage payment is $779.83. How many months would it take him to break-

even on the points purchase?

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Jade 2 weeks 2022-01-11T18:09:55+00:00 1 Answer 0 views 0

Answers ( )

    0
    2022-01-11T18:11:52+00:00

    Answer:

    122 months or just over 10 years

    Step-by-step explanation:

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