Madison is financing $382,300 to purchase a house. How much money will she save over the life of a 30-year, fixed-rate loan by buying 3 points with a rate of 5.13% instead of not buying points with a rate of 5.88%? Round to the nearest dollar.
A) $60,948
B) $63,242
C) $63,242
D) $53,302
(Not a typo)

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@jim_thompson5910

are you familiar with the concept of points in mortgages?

Not a clue

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