Question

Question 4 of 10

Answer 1

✴Given:

↪Purchase price = $190,000

↪Appraisal fee = $450

↪Processing fee = $575

↪Title fee = $600

✴Lets , find total closing costs :

$\small\bold\red{[Total \: closing \: costs = 2 \% \: of \: the \: purchase \: price + appraisal \: fee + processing \: fee + title \: fee]}$

↪ $190000 × 0.02 + $450 + $575 + $600

↪ $3800 + $450 + $575 + $600

↪ $5425

Answer :- $\small\bold\pink{C.) 5425}$

Answer 2

Answer:

C)  $5425

Step-by-step explanation:

Total closing costs = 2% of the purchase price + appraisal fee + processing fee + title fee

Given:

• purchase price = $190,000
• appraisal fee = $450
• processing fee = $575
• title fee = $600

Total closing costs = $190000 x 0.02 + $450 + $575 + $600

                               = $3800 + $450 + $575 + $600

                               = $5425