Jakob is purchasing a condominium for $347,500 and has financed 90% of it. He has purchased 2 discount points, has to pay a 1.75% origination fee and a brokerage fee of $100 plus 0.25% of the loan. What are his total fees that he must pay?

Question

Jakob is purchasing a condominium for $347,500 and has financed 90% of it. He has purchased  2 discount points, has to pay a 1.75% origination fee and a brokerage fee of $100 plus 0.25% of the loan. What are his total fees that he must pay?

anonymous · Answer

@Gio123 
The choices are  
$12,610.01
 $13,031.25
 $13,218.13
 $13,913.13

anonymous · Answer

whoa!! then i'm way off. i'm sorry let me try one more time ok? @jada0318

anonymous · Answer

@Gio123 okay thank you so much.

anonymous · Answer

are you sure this is the whole question. it seems to be missing something......

anonymous · Answer

i'm sorry @jada0318  i don't think i will be able to answer this one for ya. :'(

anonymous · Answer

@Gio123 That is the whole question.  Okay can you help me with one more? they ask to Create a scenario of purchasing a home and include the mortgage amount. 
Calculate the documentary stamp tax on the mortgage if this fee in your state is $0.35 per $100 or portion thereof.
Determine how many mortgage points will be purchased and calculate the cost.
Determine the mortgage broker fee and calculate the cost.