Ernest is purchasing a $175,000 home and is making 20% down payment toward the cost. He is also buying 2 points in order to lowe

Question

3 years ago

6

Ernest is purchasing a $175,000 home and is making 20% down payment toward the cost. He is also buying 2 points in order to lowe

r his inteest rate. The appraisal fee is $400, the title is $300, and the processing fee is $575. Including the down payment, what are his total closing costs?

Mathematics

2 answers:

Artemon [7] · Answer 1 · 2022-01-20T12:35:33+03:00

Artemon [7]3 years ago

6 0

Answer: 39,075 is the answer

Step-by-step explanation:

scZoUnD [109] · Answer 2 · 2022-01-20T11:29:36+03:00

scZoUnD [109]3 years ago

5 0

His total closing costs would be $39775