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What does a loan of ​$400,000 that carries a 3​-point origination fee require as an advance​ payment?
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What does a loan of ​$400,000 that carries a 3​-point origination fee require as an advance​ payment?

User Mizmor
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Answer: 9000$

Explanation:

A Loan That Of 200,000 That also carries a 3 point organization fee would be 5000

User Davidoff
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A bank charges 1.75 of a point for the origination fee on a mortgage of $400,000. What is the origination fee?
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