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Updated over 4 years ago,
Good deal or bad deal on investment loan
Am I getting a good deal here?
300k purchase price
20% Down 60k
30 year fixed
Monthly P&I : $1,287
Total payment: $1,663
Interest Rate : 4.990%
APR: 5.252%
Loan Points : $4,632/ 1.930%
I'm just a little confused on how the APR and the Loan Point can hurt me over the could the loan?
Is this a respectable deal I’m getting?