Fred and wilma buy a home. they plan to make a down payment and carry a $90,000 mortgage. closing costs are $2,500 and are added
to the loan amount. what is the new amount being financed?
2 answers:
$90,000 + $2,500 = $92,500
Mortgage rate = $90000
Closing costs added to the loan amount = $2500
Total new amount being financed would be = 
(the mortgage amount needs to paid along with closing costs, that is why the values are added.)
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