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What is the initial cost for me to buy a $170000 house borrowing a conventional...

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What is the initial cost for me to buy a $170000 house borrowing a conventional mortgage loan and buying 2 points, assuming that other closing costs account for 3 percent of the loan value (round to the nearest dollar)? Your Answer: Answer A Question 2 (1 point) Retake question Saved I am borrowing a $130000 30-year mortgage loan to buy a house. The interest rate is 4%. I can also buy 2 points to make the rate down to 3%. How many months will it take to break even if I buy the 2 points (round to the nearest month)? Your

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