5
QuizMultiple Choice

Mortgages

Question 5 • Financial Math A

In addition to the following closing costs listed below, the buyer pays a realtor commission that is 3.5% of the loan amount.Closing CostChargeLoan origination$280Title insurance$476Attorney’s fees$675Inspection$200Recording fees$118Escrow$573If the loan amount is $165,000, how much was paid at closing?a.$2,322b.$2,899c.$5,775d.$8,097

Answer
A
A
B
B
C
C
D
D
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