Real Estate Calculator Suite

REAL ESTATE CALCULATOR SUITE REVIEWS

real estate scenario
Betty got 19000, from the sales of her house to apply toward the puchases of a new home costing $90,000. She assumed an existing mortgage of $49500 and borrowed 24000 at 12% to be secured by a 2nd note. The lender charged her a 1/2 assumption fee. and a 2% origination fee and 5.1/2 points on the second. The attorney fee is 465. and the survery is 385... Whate was the lender paid in fees 1. 2522 or 2.2907 or 3.2047 or 4.2470 This senario was written for a real finance exam.
Author: Goldie D Mapp on Thursday, June 14, 2007

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