A. How much might a home buyer expect to pay in closing costs on a $220,000 house with a 10% down payment?

B. How much would the home buyer have to pay at the time of closing, taking into account closing costs, down payment, and a loan fee of 3 points?

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To calculate the closing costs on a house with a specific price and down payment, we need to consider a few factors. Let's break down the calculations for both scenarios:

A. Closing costs with a 10% down payment:
1. Determine the down payment: Multiply the house price by the down payment percentage. For a $220,000 house with a 10% down payment, the down payment would be 10% of $220,000, which is $22,000.
2. Calculate the loan amount: Subtract the down payment from the house price. In this case, the loan amount would be $220,000 - $22,000 = $198,000.
3. Estimate closing costs: Typically, closing costs can range from 2% to 5% of the loan amount. Let's assume a conservative estimate of 3%. Multiply the loan amount by 3% to find the closing costs. For this example, the closing costs would be $198,000 * 0.03 = $5,940.

Therefore, the home buyer might expect to pay approximately $5,940 in closing costs.

B. Calculating the total amount to be paid at the time of closing:
1. Determine the loan fee: A loan fee of 3 points means 3% of the loan amount. Multiply the loan amount by 3% to find the loan fee. In this case, the loan fee would be $198,000 * 0.03 = $5,940.
2. Add up the down payment, closing costs, and loan fee: To calculate the total amount to be paid at the time of closing, add the down payment, closing costs, and loan fee. Using the values from the previous example, the total amount would be $22,000 (down payment) + $5,940 (closing costs) + $5,940 (loan fee) = $33,880.

Therefore, the home buyer would have to pay approximately $33,880 at the time of closing, taking into account the closing costs, down payment, and loan fee of 3 points.