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Fred and wilma buy a home. they plan to make a down payment and carry a $90,000 mortgage. closing costs are $2,500 and are added to the loan amount. what is the new amount being financed?

Verified Answer :

rarrininger

$90,000 + $2,500 = $92,500

Mortgage rate = $90000            

Closing costs added to the loan amount = $2500      

Total new amount being financed would be = \(90000+2500=92500\)

(the mortgage amount needs to paid along with closing costs, that is why the values are added.)                            

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