Question

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

Answer 1

Its D, just took the test.

Answer 2

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)