Ann is buying a house that costs $250,000. She is making a down payment of 15 percent, and her closing costs will amount to 3 percent. Over the life of her loan, she will pay $282,089.89 in monthly payments. What is the total cost of her house?

A.
$327,089.89
B.
$338,390.89
C.
$339,560.89

Question

Ann is buying a house that costs $250,000. She is making a down payment of 15 percent, and her closing costs will amount to 3 percent. Over the life of her loan, she will pay $282,089.89 in monthly payments. What is the total cost of her house?

A. 
$327,089.89
 B. 
$338,390.89
 C. 
$339,560.89

Emma1234 · Answer

What are you confused about?? because i cant just give you the answer lol

jaaaae03 · Answer

;-; you cant just give it to me as a decimal-

Emma1234 · Answer

Well i was wondering what your confused about the question tho. I cant give you something and not let you learn about it lol

Vocaloid · Answer

the cost of the house itself is $250,000.

she will pay

1. a down payment of 15%. so calculate 15% of 250,000
2. a closing cost of 3%. so calculate 3% of 250,000
3. $282,089.89 over the lifetime of the loan

so add up the quantities from 1, 2, and 3 to get the total.