kaydenjames
contestada

In addition to the following closing costs listed below, the buyer pays a realtor commission that is 3.5% of the loan amount.

Closing Cost
Charge
Loan origination
$280
Title insurance
$476
Attorney’s fees
$675
Inspection
$200
Recording fees
$118
Escrow
$573

If the loan amount is $165,000, how much was paid at closing?
a. $2,322
b. $2,899
c. $5,775
d. $8,097

Respuesta :

meerkat18
Solving for the realtor commission we have:
$165,000 x 0.035 = $5775 (3.5% of the loan amount)

Solving for closing cost, we total all of the costs including the realtor commission:
$5775 + $280 + $476 + $675 + $200 + $118 + $573 = $8,097.
GintokiTrash

Answer:

D

Step-by-step explanation:

I got it right on my quiz for edge 2020

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