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26. William Miller has been granted a $220,000 mortgage loan. When signing the papers to purchase his new home, he will need to pay the

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26. William Miller has been granted a $220,000 mortgage loan. When signing the papers to purchase his new home, he will need to pay the closing costs shown below. What are the total closing costs? Application Fee $ 25 Borrower's Credit check 65 Points 2% of Mortgage Appraisal Fee 350 Title Search 215 Title Insurance 450 Attorney Fee 400 Documentation stamp 0.30% of Mortgage Processing fee 1.25% of Mortgage a. $4,235 c. $6,120 b. $5,765 d. $9,315 27. Cesar Santiago recorded his housing expenses for the month of September as follows: $575.16 for mortgage payment, $23.70 for insurance premium, $87.40 for real estate taxes, $76.36 for electricity, $21.18 for telephone service, and $19.30 for water. What is his total monthly housing cost? a. $563.00 C. $803.10 b. $783.10 d. $912.07

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