Question
Refer to the following list of closing costs for purchase of a $ 175,000 house requiring a 20% down payment and find each requested amount.
Title insurance premium $ 240
Document recording fee 30
Loan fee ( two points) …..
Appraisal fee 225
Prorated property taxes 685
Prorated fire insurance premium 295
a) the mortgage amount
b )the loan fee
c)the total closing costs
d) the total amount of cash required of the buyer at closing ( including down payment)
Title insurance premium $ 240
Document recording fee 30
Loan fee ( two points) …..
Appraisal fee 225
Prorated property taxes 685
Prorated fire insurance premium 295
a) the mortgage amount
b )the loan fee
c)the total closing costs
d) the total amount of cash required of the buyer at closing ( including down payment)