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anonymous

  • 4 years ago

Inez has to pay 4 percent in closing costs and 16 percent for the down payment on a purchase of $225,500 with an ARM. Over the life of the loan, she will pay $262,072.72.

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  1. Mertsj
    • 4 years ago
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    Is there a question here?

  2. anonymous
    • 4 years ago
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    What is the total cost of her house?

  3. anonymous
    • 4 years ago
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    What is the total cost of her house? $262,072.72. Would you like to know the total interest???

  4. anonymous
    • 4 years ago
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    Yeah..

  5. anonymous
    • 4 years ago
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    262,072.72 - $225,500 = 36,572.72

  6. Mertsj
    • 4 years ago
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    That cannot possibly be the total cost of the house.

  7. Mertsj
    • 4 years ago
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    That would be the cost of buying the house apart from the house itself.

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