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You are purchasing a home for $395,000. The down payment is 15% in the balance will be financed with the 25 year mortgage as 6% and two discount points. You put down deposit of $11,750. (applied to down payment) when the sales contract was signed. You also have these expenses: credit Report $65, apparel fee $120, title insurance premium 1% of amount financed, title search $ 250, and attorney fees 675. Find your amount due at the closing $48,610.00 $ 51,967.50 $58,682.50 60, 460.00

You are purchasing a home for $395,000. The down payment is 15% in the balance will be financed with the 25 year mortgage as 6% and two discount points. You put down deposit of $11,750. (applied to down payment) when the sales contract was signed. You also have these expenses: credit Report $65, apparel fee $120, title insurance premium 1% of amount financed, title search $ 250, and attorney fees 675. Find your amount due at the closing $48,610.00 $ 51,967.50 $58,682.50 60, 460.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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am. 113.

You are purchasing a home for $395,000. The down payment is 15% in the balance will be financed with the 25 year mortgage as 6% and two discount points. You put down deposit of $11,750. (applied to down payment) when the sales contract was signed. You also have these expenses: credit Report $65, apparel fee $120, title insurance premium 1% of amount financed, title search $ 250, and attorney fees 675. Find your amount due at the closing $48,610.00 $ 51,967.50 $58,682.50 60, 460.00
Transcribed Image Text:You are purchasing a home for $395,000. The down payment is 15% in the balance will be financed with the 25 year mortgage as 6% and two discount points. You put down deposit of $11,750. (applied to down payment) when the sales contract was signed. You also have these expenses: credit Report $65, apparel fee $120, title insurance premium 1% of amount financed, title search $ 250, and attorney fees 675. Find your amount due at the closing $48,610.00 $ 51,967.50 $58,682.50 60, 460.00
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