Question Calculate the total mortgage for a $\$ 280,000$ home purchase with a $5\%$ down payment and the given closing costs: $\$ 100$ credit report, $1\%$ loan origination fee, $\$ 500$ attorney/notary, $0.50\%$ documentation stamp, and $\$ 600$ processing fee.

Studdy Solution
Calculate the total mortgage amount.
$Total\, mortgage = \$266,000 + \$5,190 = \$271,190$ The total mortgage for a $280,000 purchase, a5% down payment, and the closing costs shown in the table is$ 271,190.

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