Which of the Following Is Not a One-Time Fee Connected

question 4

Multiple Choice

Which of the following is not a one-time fee connected with purchasing a house?

• A) down payment
• B) private mortgage insurance
• C) closing costs
• D) points
• E) origination fee

---

Definitions:

Planning Budget

A budget created at the beginning of a period, based on forecasted levels of activity, to guide business operations and financial planning.

Total Expenses

encompass all costs incurred by a business or individual within a specified period, including operational, financial, and non-operational expenses.

Planning Budget

An estimate of income and expenditure for a set period, often used to guide financial decision-making and control.

Total Cost

The complete cost of production, including both fixed and variable expenses.