Answer:
total cost of the points is $3600
Explanation:
given data
sales price = $100,000
paying = $10,000
discount points = 2
loan origination fees = 2 point
to find out
total cost of the points
solution
we know here total point is 2 + 2 = 4
and here 1 point is 1 % of loan amount
loan amount is = sale price - paying
loan amount = 100000 - 10000 = $90000
so 1 point is 1% of $90000 = $900
4 point mean 4 × $900 = $3600
so that here for 4 point
total cost of the points is $3600
