Question

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

Based on the various costs paid at closing, the total amount that was paid was d. $7,499.

Commission paid to agent

= Cost of house x Commission

= 3% x 180,000

= $5,550

Total amount paid at closing

= Commission + Loan origination + Title insurance +Attorney fees + Appraisal cost + Recording fees

= 5,550 + 275 + 528 + 750 + 275 + 121

= $7,499

In conclusion, the total paid at closing is $7,499.

Find out more on closing costs at brainly.com/question/26133271.