Question

Al and Viola Speer were granted an $80,000 mortgage.At the closing, they will have to pay the closings costsshown plus real estate taxes of $1,230. What are thetotal costs?

Answer 1

Total costs are given by

`\text{Total cost=mortgage+}real\text{ estate taxes}`

So:

`\text{Total cost=}80000+1230=81230`

Answer: total costs are $81,230