Question

In what range do the closing costs on a home loan typically fall?

a. 1% to 3%
b. 3% to 5%
c. 5% to 7%
d. 7% to 10%

Answer 1

The answer is b.

Explanation:

Answer 2

b. 3% to 5% is the right choice.

Explanation:

When a person buys a house, he will pay anywhere between 2 to 5 percent of the actual home price or the purchase price in the closing fees.

For example - if a home costs $200,000, a person can pay between $4000 and $10000 in closing costs.

So, option B : 3% to 5% is the correct answer.