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Bill purchased a bungalow style home for $164,000. He put 10% down and took out a mortgage for the rest of the price plus his

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Bill purchased a bungalow style home for $164,000. He put 10% down and took out a mortgage for the rest of the price plus his 50% share of the closing costs through Wilson- Heat li financial Association. The total closing costs were a $30 application fee, a $15 credit report cost, a $450 appraisal fee, a $1,540 title search cost, a 0.7% of mortgage fee for title insurance, a $300 inspection fee, a 0.8% of the mortgage cost for the document stamp, and a 0.1% of mortgage processing fee. Bill's mortgage loan was for 30 years at 5.00% interest. Us

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