Estimating closing costs on home purchase. How much might a home buyer expect to pay in closing

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Estimating closing costs on home purchase.

How much might a home buyer expect to pay in closing costs on a $220,000 house with a 10 percent down payment? Her bank is offering 30-year mortgages at 5 percent per year. How much would the home buyer have to pay at the time of closing, taking into account closing costs, down payment, and a loan fee of three points? L01

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PFIN

ISBN: 9780357033616,9780357033692

7th Edition

Authors: Randall Billingsley , Lawrence J. Gitman , Michael D. Joehnk

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