Question

A home buyer is financing a house for $135,950. The buyer has to pay $450 plus 1.15% for a brokerage fee. How much are the mortgage brokerage fees?

$2,489.25
$2,013.43
$2,018.60
$2,031.43

Answer 1

The answer is 2,013.43

Answer 2

Answer: $2,013.43

Explanation:

$135,950 x 1.15% = 1,563.425

Round to $1,563.43

Add in $450

$1,563.43 + $450 = $2,013.43