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They are offered financing which requires

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Jerry and his wife decide this is a good time to buy a house.They have a down payment and need to borrow $250,000.They are offered financing which requires a 2% loan origination fee and monthly payments of $1,500 per month for 30 years.what is their interest rate?

Reference no: EM13325462

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They are offered financing which requires : Jerry and his wife decide this is a good time to buy a house.They have a down payment and need to borrow $250,000.They are offered financing which requires a 2% loan origination fee and monthly payments of $1,500 per month for 30 years.what is their ..
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