Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)Al Speer was granted an $80000 mortgage. At the closing, he will pay the closing costs showb plus $1,230. What are the total costs? 2)Pablo

1)Al Speer was granted an $80000 mortgage. At the closing, he will pay the closing costs showb plus $1,230. What are the total costs?
2)Pablo and Maria Rivera were granted a $128,000 mortgage. At the closing, they will have to pay the closing costs shown plus real estate taxes of $1,920. What are the total costs?
image text in transcribed
Use the list of closing costs to solve numbers 1 and 2 Credit Report $55.00 425.00 Appraisal Report Title Search 230.00 Survey 325.00 Recording & Transfer Fee 120.00 Legal Fees 360.00 Loan Origination Fee 2% of the mortgage 1. Al Speer was granted an $80,000 mortgage. At the closing, he will have to pay the closing costs shown plus real estate taxes of $1.230. What are the total costs? 2. Pablo and Maria Rivera were granted a $128,000 mortgage. At the closing, they will have to pay the closing costs shown plus real estate taxes of $1,920. What are the total costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Labour Finance And Inequality

Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson

1st Edition

ISBN: 1138919721, 978-1138919723

More Books

Students also viewed these Finance questions

Question

Brainstorm some other terms we might use. Which is your favorite?

Answered: 1 week ago

Question

Divide and rule ?

Answered: 1 week ago