The reason is that what contractors might charge to remove the current flooring, especially in cases of tile and hardwood, can vary wildly. Installation costs can vary just as much, so we would recommend contacting 2-3 contractors and asking how much they charge per square foot for removal and installation of flooring.
Multiply the amount of your loan times the total number of points as a percentage. Using figures from the above steps, the three points bought with a $400,000 mortgage would cost $12,000: $400,000 x 0.03 = $12,000.
30 years to find the monthly payment for this loan we can use the loan calculator scenario 1 with $ 205000 as the total loan amount you are not borrowing this much but you will owe this amount when the loan is closed 7 5 % as the interest rate and 360 as the number of payments 1 payment month for 30 years0 years to find the monthly payment for this loan we can use the loan calculator scenario 1 with $ 205000 as the total loan amount you are not borrowing this much but you will owe this amount when the loan is closed 7 5 % as the interest rate and 360 as the number of payments 1 payment month for 30 years