Question: Ella is purchasing her first home. She has a contract on a 3 bedroom, 2 bath home in Fort Worth for $425,000. She is putting

Ella is purchasing her first home. She has a contract on a 3 bedroom, 2 bath home in Fort Worth for $425,000. She is putting 15% down on the home and securing a mortgage for the remainder. Her lender is charging 1 point and the closing cost are estimated to be 31/2%. On the day of closing Ella will need to bring certifiable funds to the title company to satisfy her part of the contract. Ella can expect to bring a cashiers check for $ to closing to purchase the home. Fill in the amount with $ and decimal. ex: $xx,xxxxx Ella is purchasing her first home. She has a contract on a 3 bedroom, 2 bath home in Fort Worth for $425,000. She is putting 15% down on the home and securing a mortgage for the remainder. Her lender is charging 1 point and the closing cost are estimated to be 31/2%. On the day of closing Ella will need to bring certifiable funds to the title company to satisfy her part of the contract. Ella can expect to bring a cashiers check for $ to closing to purchase the home. Fill in the amount with $ and decimal. ex: $xx,xxxxx
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
