Mathematics, 24.05.2021 21:50 savannahvargas512

Brooke bought a condominium for $413,600. She made a 9% down payment and financed the remaining amount using a 25-year fixed-rate mortgage at 5.2%. The monthly payment is $2,244. Brooke will pay for one discount point, a 0.75% origination fee, the brokerage fee, state documentary taxes on the deed and the mortgage, and the intangible tax. Discount points equal 1% of the mortgage amount.
Documentary stamp tax on deed is $0.70 per $100 or portion thereof.
Documentary stamp tax on mortgage is $0.35 per $100 or portion thereof.
Mortgage broker fee is $175 plus 5% of the mortgage amount.
Intangible tax is 0.2% of the mortgage amount.
What is the total amount of the principal, interest, down payment, and fees described for Brooke's condominium?
a.$743,687.00
b.$807,569.73
c.$481,369.73
d.$740,969.73

Answers: 2

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 15:30

On a architect's drawing of a house, 1 inche representa 1.5

Answers: 1

Answer

Mathematics, 21.06.2019 21:40

The sides of a parallelogram are 24cm and 16cm. the distance between the 24cm sides is 8 cm. find the distance between the 16cm sides

Answers: 3

Answer

Mathematics, 22.06.2019 00:00

What is the area of the shaded sector?

Answers: 2

Answer

Mathematics, 22.06.2019 00:10

Examine the paragraph proof. which theorem does it offer proof for? prove jnm – nmi according to the given information in the image. jk | hi while jnm and lnk are vertical angles. jnm and lnk are congruent by the vertical angles theorem. because lnk and nmi are corresponding angles, they are congruent according to the corresponding angles theorem. finally, jnm is congruent to nmi by the transitive property of equality alternate interior angles theorem gorresponding angle theorem vertical angle theorem o same side interior angles theorem

Answers: 2

Answer

You know the right answer?

Brooke bought a condominium for $413,600. She made a 9% down payment and financed the remaining amou...

Questions