4. [-/1.11 Points] DETAILS BRECMBC9 14.1.021.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Kari is purchasing a home for $220,000. The down payment is 25% and the balance will be financed with a 15 year mortgage at 8% and 4 discount points. Kari made a deposit of $20,000 (applied to the down payment) when the sales contract was signed. Kari also has these expenses: credit report, $90; appraisal fee, $120; title insurance premium, 1% of amount financed; title search, $300; and attorney's fees, $500. Find the closing costs (in $). $ Need Help? Read It Watch It Master it 5. [-/1.11 Points] DETAILS BRECMBC9 14.11.002. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Value Lender's Percentage Percentage of Appraised Value (in $) Balance of First Mortgage Potential Credit (in $) $121,500 70% $53,100 $ Need Help? Read It