Liz is purchasing a $115,000 home. Her lender has asked her to bring a check
in the amount of $5435.00 to closing. The good faith estimate gave the
following fee breakdown:
Title Fee
Processing Fee
Appraisal
$545
varies
$695
If Liz purchased 2 points, how much did the lender charge her to process the
loan?
A. $1900
B. $3540
c. $1895
D. $1500