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Caesar purchased a house that sold for $153,000. He obtained a mortgage of $110,500. The bank charged 1.75 points for an origination fee and 2.0 discount points. What was the total cost of the origination fee and discount points that Caesar paid? (3 points)

$5,737.50
$4,143.75
$1,933.75
$2,210.00

Tried to solve this a few times, giving up.... Any help is accepted graciously.

User Juan Ariza
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1 Answer

5 votes
I believe it is $4,955. Hope this helps :)
User Giulio
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