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?
Your always going to burn calories but the rate will always change and how many based on what you do will always change so it is never a constant slope.