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kramer
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]3 years ago
6 0

Answer: 39,075 is the answer

Step-by-step explanation:

scZoUnD [109]3 years ago
5 0
His total closing costs would be $39775
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Step-by-step explanation:

A direct proportion means that the change in one quantity will also cause the change in other quantity

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Keywords: Proportion, Direct variation

Learn more about proportion at:

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snow_tiger [21]

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