The chart shows the costs associated with the purchase In the chart, closing costs refers to the
of a new home.
cost of making repairs to the new home.
Components
Cost
O fees that must be paid to local schools.
Principal after down
costs associated with obtaining the loan.
payment
$240 000
• fees assessed by the state or local government.
Origination fee
$1 200
Closing costs
$4,800
Total principal
$246.000
Additional taxes
$4,000