The most mimi can afford to pay per year in mortgage payments is $12,500,
and her credit score is currently 531. according to the following table for a
$150,000 mortgage, by how many points would she need to improve her
credit score in order to take a mortgage for $150,000?
fico
interest monthly
score
rate payment
720-850
5.59% s860
700-719
5.71%
$872
675-699
6.25% $924
620-674
7.40% $1039
560-619
8.53% s1157
500-559
9.29% s1238