Real Estate Math
A buyer purchases a home for $300,000, making a 10% down payment and financing the rest. The buyer also pays 2 points. What are the total upfront costs (down payment + points)?
A$30,000
B$35,400✓ Correct
C$36,000
D$30,540
Explanation
Down payment = 10% × $300,000 = $30,000. Loan amount = $270,000.
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