The following closing costs were paid on a home loan.Closing CostChargeLoan origination$320Title insurance$473Attorney’s fees$915Appraisal$415Recording fees$103Escrow$1,318If the closing costs were 5% of the loan amount, how much was the loan amount?

Question

Revolt · Accepted Answer

$70,880

Other Costs of Buying a Home

The following closing costs were paid on a home loan.Closing CostChargeLoan origination$320Title insurance$473Attorney’s fees$915Appraisal$415Recording fees$103Escrow$1,318If the closing costs were 5% of the loan amount, how much was the loan amount?

Explanation

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