You are interested in purchasing a $$144,000$ home. You plan to make a $25$ percent down payment and obtain a $12$ percent mortgage for $20$ years for the remaining amount through City Savings and Loan. Complete the form below to determine the total closing cost.

CITY SAVINGS AND LOAN ASSOCATION DISCLOSURE OF CLOSING COSTS

AMOUNT OF MORTGAGE:

DATE: $\frac{3}{1}\frac{?}{20}-$

Appraisal report

Credit report

$$455\mathrm{.}00$

Loan origination fee: $2\%$ of mortgage

Recording costs

Survey and photos

Title search & insurance

$145\mathrm{.}85$

Legal fees

$345\mathrm{.}60$

$160\mathrm{.}00$

Property taxes $425\mathrm{.}00$

Interest on the mortgage from $1$st of the month

$857\mathrm{.}25$

to the closing date $3/16($exact interest$)$

Total