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4. You are interested in purchasing a $144,000 home. You plan to make a 25% down payment and obtain an 8% mortgage for 20 years

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4. You are interested in purchasing a $144,000 home. You plan to make a 25% down payment and obtain an 8% mortgage for 20 years for the remaining amount through City Savings and Loan. Complete the form below to determine the total closing cost. CITY SAVINGS AND LOAN ASSOCATION DISCLOSURE OF CLOSING COSTS DATE: 3/1/20- AMOUNT OF MORTGAGE: $108,000.00 Appraisal report 455.00 Credit report 65.00 Loan origination fee: 2% of mortgage Recording costs 145.85 Survey and photos 345.60 Title search & insurance 160.00 Legal fees 425.00 Property taxes 857.25 Interest on the mortgage from 1st of the month to the closing date 3/16 (exact interest) Total

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