How much might a home buyer expect to pay in closing costs on a $220,000

house with a 10% down payment?

house with a 10% down payment?

$220 000 is the total cost of the house that a buyer bought.

Prior to that, he paid 10% of the amount for down payment.

Now, we need to find the amount he will need to pay to paid off the house he bought.

=> 10% = 10 / 100

=> 0.1

We already have the value of 10%, now multiply this to the total amount of the house

=> 220 000 x 0.1

=> 22 000 – he paid this amount for down payment.

Now, let’s subtract his down payment from the total amount.

=> $220 000 – 22 000

=> $198 000

Thus, the home buyer will pay 198 000 to paid off the house he bought.

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