Duncan is purchasing a home for $178,000. He makes a 15% down payment and obtains a 15-year fixed rate mortgage loan at 4% annual interest. His monthly payments are $1,119.15. He pays an intangible tax of 0.2%.

Which of the following is the total cost of principal, interest, down payment, and amount of intangible tax?

$228,449.60

$201,447.00

$228,503.00

$201,749.60

Question

Duncan is purchasing a home for $178,000. He makes a 15% down payment and obtains a 15-year fixed rate mortgage loan at 4% annual interest. His monthly payments are $1,119.15. He pays an intangible tax of 0.2%. 

Which of the following is the total cost of principal, interest, down payment, and amount of intangible tax?

 $228,449.60

 $201,447.00

 $228,503.00

 $201,749.60

anonymous · Answer

I think it's D

anonymous · Answer

if im doing my work correctly lol