Universal Solvent Definition. A universal solvent is a substance that dissolves most chemicals. Water is called the universal solvent because it dissolves more substances than any other solvent. However, no solvent, including water, dissolves every chemical. Typically, like dissolves like..
Average closing costs on a mortgage loan is between 2%-5%. On a home with a purchase price of $200,000 the typical costs will be between $3,000-$5,000. These costs will vary depending on the lender you use. Closing costs are made up of several different fees charged by your lender. These fees include credit report, loan origination fee, survey, etc.
30 years. To find the monthly payment for this loan, we can use the Loan Calculator Scenario #1 with $205,000 as the total loan amount (you are not borrowing this much but you will owe this amount when the loan is closed), 7.5% as the interest rate, and 360 as the number of payments (1 payment/month for 30 years). The monthly payment is found to be $1,433.39.