financial algebra
A mortgage is in the amount of $600,000. The origination fee is 0.5%, the intangible tax is 0.2%, and there are 1.5 discount points. Which of the following is the total cost of the origination fee, the intangible tax, and the discount points?
$4,200
$9,000
$10,200
$13,200
How am I supposed to answer this when they don't give you the percent of the down payment for the intangible tax? I only need to know HOW to answer it.

Question

financial algebra
A mortgage is in the amount of $600,000. The origination fee is 0.5%, the intangible tax is 0.2%, and there are 1.5 discount points. Which of the following is the total cost of the origination fee, the intangible tax, and the discount points?
 $4,200
 $9,000
 $10,200
 $13,200
 How am I supposed to answer this when they don't give you the percent of the down payment for the intangible tax? I only need to know HOW to answer it.

anonymous · Answer

anyone please?

tkhunny · Answer

Perhaps the down payment is $0?