Steve is buying a home worth $275000. His closing costs will amount to 6%, & his down payment is 15%. How much is each fee.

A. The closing cost are $16,500, & the down payment is $41,250.

B. The closing cost are $16,500, and the down payment is $42,000

C. The closing cost are $42,500, & the down payment is $165,000

Question

Roth

Mathematics

26 January, 16:45

Steve is buying a home worth $275000. His closing costs will amount to 6%, & his down payment is 15%. How much is each fee.

A. The closing cost are $16,500, & the down payment is $41,250.

B. The closing cost are $16,500, and the down payment is $42,000

C. The closing cost are $42,500, & the down payment is $165,000

+2

Answers (1)

Know the Answer?

Edgar Duncan · Answer 1

Answer is A. The closing cost are $16,500, & the down payment is $41,250.

$275000 * 0.06 = $16,500 ... closing cost

$275000 * 0.15 = $41,250 ... down payment