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Unformatted text preview: closing costs shown as well as property taxes of $435. What are the total closing costs? ____________ 3. You purchase a home for $99,000. After a 20% down payment, you finance the remaining amount for 30 years at 11.50%. Complete the repayment schedule below for the first 6 months of your loan. (Hint; Calculate your monthly payment once. It will be the same all 6 months.) Credit report: $45.00 Appraisal: $350.00 Title Search: $150.00 Recording fee: $25.00 Legal fees: $450.00 Loan origination fee: 1.5% of mortgage Monthly Amount for Amount for New Payment Interest Principal Principal Quiz 9.1-9.4 Name:____________________ Money Management Date:___________Period:____...
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This note was uploaded on 01/24/2012 for the course HUM 9999 taught by Professor Variousprofessorslisted during the Summer '06 term at Abilene Christian University.
- Summer '06