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October 24, 2014

Homework Help: math

Posted by Andrzej on Tuesday, December 4, 2012 at 11:58pm.

Refer to the following list of closing costs for purchase of a $ 175,000 house requiring a 20% down payment and find each requested amount.
Title insurance premium $ 240
Document recording fee 30
Loan fee ( two points) ..
Appraisal fee 225
Prorated property taxes 685
Prorated fire insurance premium 295

a) the mortgage amount
b )the loan fee
c)the total closing costs
d) the total amount of cash required of the buyer at closing ( including down payment)

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