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You want to buy a $207,000 home. You plan to pay 5% as a down payment, and take out a 30-year loan at 3.3% interest

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You want to buy a $207,000 home. You plan to pay 5% as a down payment, and take out a 30-year loan at 3.3% interest for the rest. You make a $4,140 earnest money deposit when you sign the sales contract, which will be applied to your down payment at closing. a) What is the amount of the down payment? $ b) The bank charges 3 points on the loan. What is the amount charged for points? $ c) Additional closing costs are as follows: credit report, $25; loan origination fee, $1180; attorney, $400; appraisal fee, $619. Determine your total closing costs. $ Question Help: Message instructor Submit

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