You want to buy a $180,000 home. You plan to pay 15% as a down payment, and take out a 30-year loan at 4.45% for the rest. The bank requires 3 points at closing. (a) How much is the loan amount going to be? 153000 (b) How much are the closing costs? 4590 (c) What will your monthly payments be? 770.69

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