Itranscript Andrea is buying a house for 130 000 She plans to make a 12 down payment Closing costs include 550 for 6 months of

Question

Itranscript Andrea is buying a house for 130 000 She plans to make a 12 down payment Closing costs include 550 for 6 months of homeowners nsurance 600 for 6 months of property tax 100 for the title fee and 350 in transaction fees Andrea also agreed to pay three points exchange for a 0 75 reduction in interest rate Determine the amount of money Andrea needs to cover closing costs Round your answer to the nearest cent answer 2 Points Keypa Keyboard Shortc

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