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Use the information in the table to calculate (a) the deposit due at signing, (b) the amount you pay in points, and (c) the total

Use the information in the table to calculate (a) the deposit due at signing, (b) the amount you pay in points, and (c) the total amount that you must pay at closing for your house.

Cost of

Home

Deposit

Points

Other Closing

Costs

$220,000

15%

5%

$2,100

Part 1

a. The deposit due at signing is

$33,000

Part 2

b. The amount to pay in points is

$9350

Part 3

c.

The total amount due at closing is

$3589

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