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

Question

3 years ago

6

to the loan amount. what is the new amount being financed?

2 answers:

Korvikt [17] · Answer 1 · 2022-01-25T13:30:12+03:00

8 0

$90,000 + $2,500 = $92,500

Nat2105 [25] · Answer 2 · 2022-01-25T15:55:58+03:00

Mortgage rate = $90000

Closing costs added to the loan amount = $2500

Total new amount being financed would be = $90000+2500=92500$

(the mortgage amount needs to paid along with closing costs, that is why the values are added.)