Suppose you buy a house for $250,000. Your lenderrequires a 30% downpayment (deposit) and points 2% (of theremaining loan) at closing. Other closing costs are$4,076.
a) The deposit due at signing is$[deposit].
b) What will your mortgage be? The remaining loan is$[mortgage].
c) The amount to pay in points is$[points].
d) The total amount due at closing is$[total].
Suppose you buy a house for $250,000. Your lender requires a 30% down payment (deposit) and points 2% (of the remaining
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answerhappygod
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