A house is appraised at $298 000 and you have a down payment of $25000 .CMHC charges the following rates on the loan to value ratio: Up to and including 80 percent,2.40 percent; up to 85 percent,2.80 percent; up to 90 percent,3.10 percent; up to 95 percent 4.00 percent.What will be the approximate total amount of the mortgage if the CMHC fee is included in it?
A)$280 152
B)$280 644
C)$281 463
D)$283 920

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The Answer of A house is appraised at $298 000 and you have a down payment of $25000 .CMHC charges the following rates on the loan to value ratio: Up to and including 80 percent,2.40 percent; up to 85 percent,2.80 percent; up to 90 percent,3.10 percent; up to 95 percent 4.00 percent.What will be the approximate total amount of the mortgage if the CMHC fee is included in it?
A)$280 152
B)$280 644
C)$281 463
D)$283 920

A House Is Appraised at $298 000 and You Have