Use the list of closing costs in the image above to find the total closing cost of a $50,000 mortgage. Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)  

Use the list of closing costs in the image above to find the total closing cost of a $95,000 mortgage. Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)  

Use the list of closing costs in the image above to find the total closing cost of a $271,000 mortgage. Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)  

Use the list of closing costs in the image above to find the total closing cost of a $420,000 mortgage. Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)  

Jude and Rose McDermott are financing a home at $39,700 at 11.5% for 30 years. The must pay the closing costs in the table above. What is the total of the closing costs? Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)  

Jon Snow and Danyres Targarian have agreed to purchase a house for $96,500. Kenmore Savings and Loan Association is willing to lend the money at 12.25% for 25 years provided they can make a $10,000 down payment. The total closing cost is 3.25% of the amount of the mortgage loan. What is their closing cost? Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)  

Marky Mark and the funky bunch are interested in purchasing a $60,000 home. They plan to make a 20% down payment and finance the remaining through Peabody Savings Association. Peabody savings has these closing costs: Credit report for $30, appraisal report for $255, title insurance for $190, survey and photographs for $225, recording fees for $45, legal fees for $280 and property taxes for $389. If the loan is approved, how much cash will they need to secure the loan, including the down payment? HINT: This is down payment + closing costs. Make sure your answer is written as such: $x,xxx.xx Ex: $2,445.00

(a)