Real Estate Math
A Missouri buyer pays $350,000 for a home. They put 20% down and pay 1.5 discount points. What are the total upfront costs (down payment + points)?
A$70,000
B$74,200✓ Correct
C$75,400
D$77,200
Explanation
Down payment = $350,000 × 20% = $70,000. Loan = $280,000.
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