Solve

Ethan is preparing the Borrower Disclosure for his client and is now calculating the cost of borrowing. Based on the following chart of costs associated with the mortgage, what is the figure that Ethan must use in this cost of borrowing calculation? Note that this chart may not include all costs associated with the mortgage, so you are basing your answer only on what is in this chart. a. Legal fees for the mortgage: $1,250 b. Title insurance (required by lender): $475 c. CMHC premium: $6,088 d. PST on CMHC premium: $487 e. Brokerage fee: $2,025 f. Lender fee: $3,000 g. Appraisal fee (required by lender): $425 $150 h: NSF Fee during the term: $75 i. Creditor insurance: $975 . Legal fees for purchase of the property