## 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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2022-01-11T18:09:55+00:00
2022-01-11T18:09:55+00:00 1 Answer
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## Answers ( )

Answer:122 months or just over 10 years

Step-by-step explanation: