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?

Answer 1

@greenlegodude57

Answer 2

I got 12,610.01

Answer 3

OMG thank you. do you think you can help me with a few more ?

Answer 4

Okay

Answer 5

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?

Answer 6

That's the same thing....

Answer 7

That's the same question........

Answer 8

sorry. i meant :
Lucia and Randy have signed a contract to purchase a home. The closing date is March 27, and the buyer owns the property on the day of closing. The selling p rice of the home is $852,500. Lucia and Randy obtained a fixed-rate mortgage from a bank for $665,000 at 7.55% interest. The seller has already paid $15,378.15 in property taxes for the coming year. How much will Lucia and Randy owe in prorated expenses?

Answer 9

loan amt is 292,950
3 discount points
Each discount point generally costs 1% of the total loan
I get 0.03*292,950= 8,788.50
has to pay a 1.65% origination fee 0.0165*Loan= 4833.66

brokerage fee of $100
0.25% of the loan= 732.38

Answer 10

Thats not an answere choice :/
$11,796.40
$65,585.65
$38,514.00
$12,484.15

Answer 11

@greenlegodude57

Answer 12

I know I'm not done with the problem yet.

Answer 13

ooh. i was confused

Answer 14

I got 11795.04. Which is closest to A.

Answer 15

I gotta go now

Answer 16

okay. thank you very much