Kevin kolb is buying a 450000 house he is taking out a 30, Financial Accounting

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Kevin kolb is buying a 450000 house he is taking out a 30

Kevin Kolb is buying a $450,000 house. He is taking out a 30 year mortgage at an annual interest rate of 5.25%.

Because he doesn’t have a lot of job security, the bank is requiring a 25% down payment. How much is his down payment?

The bank requires 2 points at closing, how much is this?

Determine Kevin’s monthly payment.

Determine the total interest paid over the life of the loan.

How much did Kevin pay for his house?

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Financial Accounting: Kevin kolb is buying a 450000 house he is taking out a 30

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Financial Accounting: Kevin kolb is buying a 450000 house he is taking out a 30

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