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Mathematics, 22.05.2021 02:10 mawawakaiii
Brooke bought a condominium for $199,600. She made an 11% down payment and financed the remaining
amount using a 15-year fixed-rate mortgage at 6.2%. The monthly payment is $1,706. 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 $250 plus 7% 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?
(4 points)
O $217.768.09
O $524,848.09
O $349.246.00
O $347.204.09
![ansver](/tpl/images/cats/User.png)
Answers: 1
![ansver](/tpl/images/cats/User.png)
Answer from: Quest
can you rephrase the question ? it is unclear : -)
step-by-step explanation:
![ansver](/tpl/images/cats/User.png)
Answer from: Quest
umm you say your want to . but you do know that this is the mathematics.
o~o
![ansver](/tpl/images/cats/User.png)
Answer from: Quest
1350 hats
step-by-step explanation:
divide 900 by 2 to find 50% or half of 900
900/2=450
add 450 to 900
1350
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Brooke bought a condominium for $199,600. She made an 11% down payment and financed the remaining
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