Question

In addition to the following closing costs listed below, the buyer pays a realtor commission that is 3.5% of the loan amount.

Answer 1

Solving for the realtor commission we have:
$165,000 x 0.035 = $5775 (3.5% of the loan amount)

Solving for closing cost, we total all of the costs including the realtor commission:
$5775 + $280 + $476 + $675 + $200 + $118 + $573 = $8,097.