Question

Shelly Moyer has been granted a mortgage loan at an annual interest rate of 6% for 20 years by Patterson Mutual. The home has a selling price of $170,000. The bank requires a 20% down payment. What are Shelly’s closing costs including the down payment?




Credit report
$ 70

Loan origination fee: 2.0% of mortgage
Abstract of title
100

Attorney fee
275

Documentation stamp fee: 0.3% of mortgage
Processing fee: 1.10% of mortgage


Draw the table and fill in the missing values.

Answer 1

Well, What do you think?

Answer 2

@ironman12