Fabian is purchasing a home for $89,500 and is financing 75% of it. The documentary stamp tax on the deed in his state is $0.70 per $100 or portion thereof. How much will he pay for the documentary stamp tax?

2.Jerry is purchasing a condominium for $325,500 and has financed 90% of it. He has purchased3 discount points, has to pay a 1.65% origination fee and a brokerage fee of $100 plus 0.25% of the loan. What are his total fees that he must pay?

Answer rating: 100% (QA)

SOLUTION 1 To find how much Fabian will pay for the documentary stamp tax we need to first find the ... View the full answer