A mortgage is in the amount of $300,000. The origination fee is 0.7%, the intangible tax is 0.3%, and there are 2.3 discount points. Which of the following is the total cost of the origination fee, intangible tax, and discount points? (2 points)
The total of the fees can be found by adding their percentages, then making one multiplication. (It can also be found by computing the individual fees.) Of course, 3.3% = 3.3/100 = 0.033.
