Part of the mortgage closing costs

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Reference no: EM131082843

Mike purchased a sports shop for $186,000. His bank is willing to finance 75% of the purchase price. As part of the mortgage closing costs, Mike had to pay 3 1/4 discount points. How much did this amount to?

Reference no: EM131082843

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Part of the mortgage closing costs : Mike purchased a sports shop for $186,000. His bank is willing to finance 75% of the purchase price. As part of the mortgage closing costs, Mike had to pay 3 1/4 discount points. How much did this amount to?

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