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24 January, 05:30

Mike's closing costs will add up to 4 percent and he'll make a down payment of 20 percent on a house that costs $210,000. Over the life of his loan, he will pay $197,040.76 in monthly payments. What is the total cost of his house?

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  1. 24 January, 08:59
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    210000 *.20 = 42000 down payment

    210000 *.04 = 8400 closing costs

    197040.76 + 42000 + 8400 = 247440.76 total cost
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