Inez has to pay 4 percent in closing costs and 16 percent for the down payment on a purchase of $225,500 with an ARM. Over the life of the loan, she will pay $262,072.72.

Question

mertsj · Answer

Is there a question here?

anonymous · Answer

What is the total cost of her house?

anonymous · Answer

What is the total cost of her house?  $262,072.72. 

Would you like to know the total interest???

anonymous · Answer

Yeah..

anonymous · Answer

262,072.72 - $225,500 = 36,572.72

mertsj · Answer

That cannot possibly be the total cost of the house.

mertsj · Answer

That would be the cost of buying the house apart from the house itself.