Does anyone know how to solve this??
Alyssa purchased a house for $243,000 and obtained a mortgage for $231,000. She purchased 5 discount points and 4 origination point. What is the cost for each?
a. discount points: $9,240; origination points: $11,550
b. discount points: $12,150; origination points: $9,720
c. discount points: $9720; origination points: $12,150
d. discount points: $11,550; origination points: $9,240

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I know the origination points are 4% of the mortgage value, not the property value.

Ok so would the discount points be the property value?

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