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24 January, 09:18

The list below shows the closing costs on a home loan amount of $185,000. closing cost charge loan origination $275 title insurance $528 attorney's fees $750 appraisal $275 recording fees $121 if the buyer also paid a 3% real estate agent commission, what was the total amount paid at closing?

a. $2,499

b. $5,550

c. $6,499

d. $7,499

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Answers (2)
  1. 24 January, 09:27
    0
    Its D, just took the test.
  2. 24 January, 09:30
    0
    Total closing cost = 275 + 528+750+275+121 = 1,949

    Commission = 0.03*185,000 = 5,550

    Total amount paid at closing = 5,550+1,949 = 7,499 (Option D)
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