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

Question

Cristofer Mccarty

13 April, 03:20

+2

Answers (2)

Know the Answer?

Patricia Mayo · Answer 1

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)

Pinky · Answer 2

Its D, just took the test.