## Related questions with answers

Question

Jeremy Roberts.

Mortgage loan of $50,000.

What is the total closing cost?

Solutions

VerifiedSolution A

Solution B

Step 1

1 of 3$\$65.00+2\% \times \$50,000 + \$120.00+\$250.00+0.3\%\times \$50,000+1.10\%\times \$50,000=\$2,135$

Determine the total closing costs using the table on page 349

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