The chart shows the costs associated with the purchase of a new home. A 2-column table has 5 rows. The first column is labeled Components with entries principal after down payment, origination fee, closing costs, total principal, and additional taxes. The second column is labeled Cost with entries 240,000 dollars, 1,200 dollars, 4,800 dollars, 246,000 dollars, 4,000 dollars. What is the best conclusion that can be drawn from the information in the chart? It is too expensive for most people to buy a new home. There are additional fees and costs involved in taking out a mortgage. Making a down payment means taxes do not have to be paid. Fees and taxes make up about 50 percent of the costs of buying a home.
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