Jeremy Roberts.
Mortgage loan of $50,000.
What is the total closing cost?

Use the closing costs to calculate the (a) total closing costs and (b) total amount of the mortgage if the closing costs are financed. Christi Schrock purchases a home with a mortgage loan of $271,000.$

$$\begin{array}{c}\\ \text{Closing Cost}\\ \begin{array}{|l|c|} \hline \text { Application Fee } & \$ 252 \\ \hline \text { Borrower's Credit Check } & 65 \\ \hline \text { Points } & 2.00 \% \text { of Mortgage } \\ \hline \text { Appraisal Fee } & \$ 325 \\ \hline \text { Title Search } & 212 \\ \hline \text { Title Insurance } & 410 \\ \hline \text { Inspection } & 350 \\ \hline \text { Attorney Fee } & 450 \\ \hline \text { Documentation Stamp } & 0.30 \% \text { of Mortgage } \\ \hline \text { Processing Fee } & 1.10 \% \text { of Mortgage } \\ \hline \end{array} \end{array}$$

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Use the closing costs to calculate the (a) total closing costs and (b) total amount of the mortgage if the closing costs are financed. Vincent and Sue Helmsley buy a home with a mortgage loan of $120,000.$

$$\begin{array}{c}\\ \text{Closing Cost}\\ \begin{array}{|l|c|} \hline \text { Application Fee } & \$ 252 \\ \hline \text { Borrower's Credit Check } & 65 \\ \hline \text { Points } & 2.00 \% \text { of Mortgage } \\ \hline \text { Appraisal Fee } & \$ 325 \\ \hline \text { Title Search } & 212 \\ \hline \text { Title Insurance } & 410 \\ \hline \text { Inspection } & 350 \\ \hline \text { Attorney Fee } & 450 \\ \hline \text { Documentation Stamp } & 0.30 \% \text { of Mortgage } \\ \hline \text { Processing Fee } & 1.10 \% \text { of Mortgage } \\ \hline \end{array} \end{array}$$

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The Coast Guard cutter Angelica travels at 30 knots from its home port of Corpus Christi on a course of 95 for 2 hr and then changes to a course of 185° for 2 hr. Find the distance and the bearing from the Corpus Christi port to the boat.

You have just arranged for a $2,350,000 mortgage to finance the purchase of a large tract of land. The mortgage has an APR of$5.2$percent, and it calls for monthly payments over the next$30$ years. However, the loan has an eight-year balloon payment, meaning that the loan must be paid off then. How big will the balloon payment be?

Ellen and Tim Hinojosa reached an agreed-upon price of $140,000 for the purchase of a house. They made a 10% down payment and had two options for financing the remaining amount: at 5.5% for 25 years or at 6% for 20 years. Which mortgage results in a higher amount of interest paid and by how much?

Find the (a) monthly payment, (b) total amount paid, and (c) total interest charged. Ivan and Vicki Egan have obtained a $160,000 mortgage loan at an annual interest rate of 7.5% for 20 years.

Ellen and Clyde Perez reached an agreed-upon price of $124,000 for the purchase of a house. They made a down payment of$14,000 and could finance the remaining amount in one of two ways: at 5.5 percent for 25 years or at 6 percent for 20 years. Which mortgage results in a larger amount of interest paid? How much greater?

Use the real estate amortization table to find the monthly payment for the loan.

The Sturgeons obtained a 30-year, $70,000 mortgage loan at First Federal Bank at an interest rate of 10.5%. Find the monthly payment. What is the new principal after the first monthly payment? Use the monthly payment table on page 645.

Ivan and Vicki Egan have obtained a $60,000 mortgage loan at an annual interest rate of 12% for 15 years. What is the monthly payment? What is the total amount to be paid?

Find the (a) monthly payment, (b) total amount paid, and (c) total interest charged. Abigail and Curtis Siebert: $270,000 mortgage at 7% for 20 years.

Fran Sullivan wants to buy a truck with a $25,955 base price, options totaling$3,246, and a destination charge of $710. If the dealer's cost is 90.5% of the base price and 87% of the options, what is the dealer's cost for the truck?

Salma and Coron Broomall have reached an agreed-upon selling price of $197,000. They plan to make a 30 percent down payment and finance the rest at 6 percent for 15 years. What is the monthly payment? What is the total amount to be paid?