cost of a home is $175,000. The bank requires a 5% down payment and three points at closing. The home is financed with a 30-year fixed rate at 4.5%.  a. Find the required down payment b. Find the amount of the mortgage c. Find the amount that must be paid for the three points at closing

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The cost of a home is $175,000. The bank requires a 5% down payment and three points at closing. The home is financed with a 30-year fixed rate at 4.5%. 

a. Find the required down payment

b. Find the amount of the mortgage

c. Find the amount that must be paid for the three points at closing

d. Find the monthly payment

e. Find the total paid including the down payment

f. Find the total cost of interest over 30 years.

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