The total cost of principal, interest, down payment, and amount of intangible tax is $871,596.00.
<h3>T
otal cost of principal</h3>
Down payment:
Down payment=452,000×0.2
Down payment=90,400
Principal:
Principal=452,000−90,400
Principal=361,600
Total interest
30years=30×12months=360months
Total interest=($2167.98×360)−361,600
Total interest=$780,472.80-$361,600
Total interest=$418,872.80
Intangible tax:
Intangible tax=$361,600×0.002
Intangible tax=$723.2
Total cost of principal, interest, down payment, and intangible tax:
=$90,400+$361,600+$418,872.80+$723.2
=$871,596.00
Inconclusion the total cost of principal, interest, down payment, and amount of intangible tax is $871,596.00.
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