The amount of the mortgage on this house is given as $300000, while the 1.5 points on the house is given as 3000 dollars
<h3>How to solve for the mortgage that is on this house</h3>
The data from the questions says that the cost of the house = $245000
The down payment amount amount is 45000
Given that they already paid 45000 from the cost of the house, the mortgage would be 245000 - 45000
= $200000
The cost of 1.5 points is the same as the cost of 1.5% of the mortgage of this house.
This is calculated as 0.015 x 200000
= $3000
The conclusion is that the amount of the mortgage on this house is given as $300000, while the 1.5 points on the house is given as 3000 dollars
Read more on mortgage here: brainly.com/question/1318711
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