7v-7 (7v-6) = -210 find the variable

A lender estimates the closing costs on a home loan will be 3% of the loan amount of $180,000. The actual closing costs are listed below.

Closing Cost

Charge

Loan origination

$345

Title insurance

$600

Attorney's fees

$1,350

Appraisal

Inspectio$55Recording fee$175

Escro$1,900

Evaluate the lender's good faith estimate.

a.

The lender made an excellent estimate; it was equal to the actual closing costs.

The lender made a very good estimate; it was within 0.25% aal closing costs

D