Use the closing costs to calculate the (a) total closing costs and (b) total amount of the mortgage if the closing costs are financed. Jeremy Roberts purchases a condo with a mortgage loan of $50,000.$

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

$

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 $120,000.$

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

$

Use the closing costs to calculate the (a) total closing costs and (b) total amount of the mortgage if the closing costs are financed. Jack and Dina King purchase a home with a mortgage loan of $420,000.$

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

$

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.

Barry and Kate Ellerson have agreed to purchase a house for $96,500. Universal Savings and Loan Association is willing to lend the money at 6% for 25 years, provided they can make a$10,000 down payment. What is the mortgage total if they finance the closing costs?

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.

Find the (a) monthly payment, (b) total amount paid, and (c) total interest charged. Charles and Sandy Compton: $80,000 mortgage at 6.5% for 25 years.

Kyung Ja and Hideo Hakola have been granted a mortgage loan at an annual interest rate of 7.5 percent for 15 years by USA Mortgage. The home has a selling price of $105,000. They need a 10 percent down payment USA Mortgage will allow them to finance the closing costs as part of the mortgage. Use the table below to find the total closing costs. What is the actual amount financed with the mortgage?

Rene and Jefferson Franklin want to purchase a $560,000 home. They plan to make a 25% down payment and finance the remaining amount through Peabody Savings Association. Peabody has these closing costs: application fee,$325; credit report, $90; appraisal report,$555; title insurance, $490; survey and photographs,$325; recording fee, $65; legal fees,$780; and first 6 months of property taxes, $1,789. If the seller agreed to pay 50% of the closing costs, how much money will the Franklins need to secure the loan, including the down payment?

What is the meaning of the term "drug as a behavioral crutch"?

Vincent and Sue Hemsley.
Mortgage loan of $95,000.
What is the total closing cost?

For the first monthly payment, compute the (a) interest, (b) amount for principal, and (c) new principal.

$$\scriptstyle\begin{array}{|c|c|c|c|c|c|} \hline \begin{array}{c} \text { Mortgage } \\ \text { Amount } \end{array} & \begin{array}{c} \text { Interest } \\ \text { Rate } \end{array} & \begin{array}{c} 1 \text {st Monthly } \\ \text { Payment } \end{array} & \begin{array}{c} \text { Amount for } \\ \text { Interest } \end{array} & \begin{array}{c} \text { Amount for } \\ \text { Principal } \end{array} & \begin{array}{c} \text { New } \\ \text { Principal } \end{array} \\ \hline \$ 170,000 & 6.0 \% & \$ 1,020.00 & \text { a. \$ } & \text { b. \$ } & \text { c. \$ } \\ \hline \end{array}$$

The process by which a community arrives at an agreed-upon vision for the future is called a. volunteerism b. civic engagement c. advocacy d. consensus-building