You want to buy a $212,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 5.6% interest for the rest. a) What is the amount of the down payment? b) What will the amount of...

You want to buy a $212,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 5.6% interest for the rest.


a) What is the amount of the down payment?


b) What will the amount of the mortgage?


c) The bank charges 3 points on the loan. What is the amount charged for points?