1)Louise wants to buy a house priced at $57000 she will need to make a down payment of 25% and pay closing cost of 2.8% of the purchase how much will she need for a down payment 2) how much will she need for the closing costs
The down payment is 25 percent of 57000. Taking 1/4 of 57000 gives 14250 dollars in down payment. Closing cost is just 2.8 percent. This costs 1596 dollars, so your answers are 14250 and 1596.
