Maya is buying a house for $210,000. She plans to make a 12% down payment. Closing costs include $700 for 6 months of homeowners insurance, $750 for 6 months of property tax, $150 for the title fee, and $450 in transaction fees. Maya also agreed to pay four points in exchange for a 1% reduction in interest rate. Determine the amount of money Maya needs to cover closing costs. Round your answer to the nearest cent.

Gray looks up the definition of point. a point is a location in a region. what is true about the statement describing the word point? 1. the statement uses the terms location and region that are defined based on an understanding of a point. 2.the statement precisely defines the concept of a point. 3. the statement does not include information needed to fully define a point. 4. the statement is an incorrect description of a point because it does not use mathematical words.