Math
posted by Karen .
The price of a home is 177,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30year fixedrate mortgage at
10%.

Math 
Reiny
What is your question?
What does "and three points at the time of closing" mean?
Respond to this Question
Similar Questions

math
The price of a home is $120,000. The bank requires a 10% down payment and two points of closing. The cost of the home is financed with 30year fixedrate mortgage at 8.5%. Find the total cost of interest over 30 years. 
math
The price of a home is $215,000. The Bank requires 20% down payment and three points at the time of closing. The cost of the home is financed with a 30year fixedrate mortgage at 7%. Find down paymen 
calculus
f(x)=x^610*x^57*x^4+80*x^3+12*x^2192*x how to find the answer an its graph? 
math
the price of a home is 120000 the bank requires a 10% down payment and 2 points at the time of closing the cost of the home is financed with a 30 year 8.5% how much must be paid for the 2 points at closing and how do I figure that … 
Math
The price of a home is $185,000. A down payment of 10% is required with 2 points at the time of closing. The home is financed over a 25 year period with a fixed rate of 4.5%. Find the monthly payment and total interest paid? 
Math
An automobile purchased for $31,000 is worth $2800 after 6 years. Assuming that the car's value depreciated steadily from year to year, what was it worth at the end of the third year? 
Math
The price of a small cabin is $45,000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20year fixed at 6.56.5% or 30year fixed at 6.56.5%. Calculate the amount … 
Algebra
Country A has a growth rate of 2.6% per year. The population is currently 4,069,000 and the land area of Country A is 33,000,000,000 square yards. Assuming this growth rate continues and is exponential, after how … 
Algebra
Country A has a growth rate of 4.7% per year. The population is currently 5,646,000 and the land area of Country A is 13,000,000,000 square yards. Assuming this growth rate continues and is exponential, after how … 
math118
The price of a home is $102,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30year fixedrate mortgage at 9.5% Find the required down payment.