Sarah wood and her husband have agreed to purchase a house for $87,500.00. washington savings and loan is willing to finance the purchase but requires a $5,000.00 down payment and closing costs of 3 percent of the amount of the mortgage loan. what are the total closing costs?

If there is a $5,000 deposit, that means the amount to be mortgaged is $82,500. Calculating 3% of that amount:

Step-by-step explanation:If there is a $5,000 deposit, that means the amount to be mortgaged is $82,500. Calculating 3% of that amount:

it's

step-by-step explanation:

well if you round, things become much more simple. round 5.95 to 6, 4.25 to 4, and 1.05 to 1. now, add 6+4+1 and that would equal 11. so the items together would equal to about $11.