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A property sold for $ 2 0 0 , 0 0 0 . and appraised for $ 2 1 0 , 0 0 0 .

A property sold for $ $200, 000 .$ and appraised for $ $210, 000 .$ The lender used an LTV of $85 % .$ The buyer was charged $4$ points. What was the dollar amount charged for the points.

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Question

A property sold for $ 2 0 0 , 0 0 0 . and appraised for $ 2 1 0 , 0 0 0 .

A property sold for $200,000. and appraised for $210,000. The lender used an LTV of 85%. The buyer was charged 4 points. What was the dollar amount charged for the points.

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Get Instant Access with AI-Powered Solutions

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Recommended Textbook for

Statistics Informed Decisions Using Data

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A property sold for $ $200, 000 .$ and appraised for $ $210, 000 .$ The lender used an LTV of $85 % .$ The buyer was charged $4$ points. What was the dollar amount charged for the points.