217k views
4 votes
A mortgage is in the amount of $400,000. The origination fee is 0.9%, the intangible tax is 0.2%, and there are 2.5 discount points.

Which of the following is the total cost of the origination fee, the intangible tax, and the discount points? (3 points)

$10,800

$10,000

$14,400

$4,400

1 Answer

3 votes
The answer is $14,400
User Jaypatrick M
by
5.2k points