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Geneva is buying a $240,000 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
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Geneva is buying a $240,000 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? Someone please help me

User Chadwick Meyer
by
8.7k points

2 Answers

2 votes

Answer: 6425

Explanation:

User Roshonda
by
7.6k points
2 votes
Assuming no down payment, Geneva's fees will be
2%×$240,000 + 450 +575 +600 = $6425
User Vladimir Bauer
by
8.3k points
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