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You are interested in purchasing a home listed at $ 1 5 0 , 0 0 0 . The down payment is 1 5 %

You are interested in purchasing a home listed at $150,000. The down payment is 15% and the balance will be financed with a 20-year mortgage at 7% and 4 discount points. You put down a deposit (applied to the down payment) of $15,750 when you signed the sales contract. You also have these expenses: credit report, $65; appraisal fee, $155; title insurance premium, 1% of amount financed; title search, $200; and attorneys fees, $725. Find your amount due at the closing.
$7,895.00
$9,170.00
$14,270.00
$15,395.00
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