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Zepler [3.9K]
3 years ago
8

Closing costs are calculated based on _____. loan amount minus down payment down payment made selling price of the house selling

price of the house minus down payment
Business
1 answer:
olga_2 [115]3 years ago
7 0

Answer

Closing costs are calculated based on price of the house minus down payment

Explanation

Closing costs are either brought as cash to closing or financed into a loan.They are usually used when people buy or rent properties and the closing cost is the amount a person pays based on the down payment. To estimate the closing cost, you subtract the down payment from the purchase price of the home.

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