Question

PLEASE HELP ME, ANYONE!!!

Jared is purchasing a condominium for $358,500 and has financed 90% of it. He has purchased 3 discount points, has to pay a 1.85% origination fee and a brokerage fee of $100 plus 0.35% of the loan. What are his total fees that he must pay?
$17,935.38
$16,859.88
$17,028.75
$16,877.81

Answer 1

The answer to this question is $16877.81
You take 90% of the purchase price and multiply it by .03 divided by 100 take the loan amount multiply it by 1.85 then divide it by 100 then take the loan amount an multiply it by .35 then divide it by 100 then add $100


I hope this helps!!!!