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Mathematics

 This week you will complete your first course activity, a journal worksheet regarding purchasing a new home. Below are the specifics of the loan you will acquire for your property: 

 

Down Payment Required (List %):  

15%  

Number of Points at Closing  

2 points  

Mortgage Time Frame for Loan:   

30 years  

Interest Rate (List %):  

7%  

Annual Homeowner’s Insurance Amount: 

$1500 

Annual Property Taxes Amount:   

$3000 

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