I need help on finding things such as closing costs

Mathematics
Tutor: None Selected Time limit: 1 Day

Can someone please help me figure out how to find:

Closing Costs

Monthly Private Mortgage Insurance 

Yearly and Monthly Property Tax 

Yearly and Monthly Homeowners Insurance 

for a home worth 273000? We're told to show our work but I have no idea where to even start? I already know how to get the down payment.The situation we're given is:

The bank requires 5% down payment for 20-year fixed at 3%. The closing costs are $2000 plus one point. 

Please.

Apr 2nd, 2015

273000[1+8/100]^20

273000[1.08]^20

294840^20


Jun 1st, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
Apr 2nd, 2015
...
Apr 2nd, 2015
Dec 9th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer