Lexirobles2003id
Answered

Question 4 of 10
Rosa is buying a $190,000 home. She has decided to purchase 2 points in order
to lower her interest rate. The appraisal fee is $450, the processing fee is $575,
and the title fee is $600. What is her total in closing costs?
A. $1625
B. $2005
c. $5425
O D. $3525

Sagot :

Semsee45id

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

Kwang001id

✴Given:

↪Purchase price = $190,000

↪Appraisal fee = $450

↪Processing fee = $575

↪Title fee = $600

✴Lets , find total closing costs :

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

↪ $190000 × 0.02 + $450 + $575 + $600

↪ $3800 + $450 + $575 + $600

↪ $5425

Answer :- [tex]\small\bold\pink{C.) 5425}[/tex]

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