1. **State the problem:** Isabel is buying a house for $240000 and plans to make a 16% down payment. We need to find the total amount she will pay at closing, including down payment, closing costs, and points fees. 2. **Calculate the down payment:** The down payment is 16% of $240000. $$\text{Down payment} = 0.16 \times 240000 = 38400$$ 3. **Calculate closing costs:** Closing costs include: - $800 for 6 months homeowners insurance - $1150 for 6 months property tax - $150 title fee - $450 transaction fees Sum these: $$800 + 1150 + 150 + 450 = 2550$$ 4. **Calculate points fees:** Two points means 2% of the loan amount (price minus down payment). $$\text{Loan amount} = 240000 - 38400 = 201600$$ $$\text{Points fees} = 0.02 \times 201600 = 4032$$ 5. **Calculate total amount at closing:** Sum down payment, closing costs, and points fees: $$38400 + 2550 + 4032 = 44982$$ 6. **Final answer:** Isabel will be expected to pay $44982 at closing, rounded to the nearest cent.