Answer:
hope this helps
Explanation:
The total closing costs for this mortgage can be calculated as follows:
Loan origination fee: 1% of $85,000 = $850
Broker loan fee: $1,640
Lender document and underwriting fees: $350
Lender tax and wire fees: $210
Fee to title company: $225
Title insurance fee: $320
Title reconveyance fee: $70
Document recording fee: $40Total closing costs = $850 + $1,640 + $350 + $210 + $225 + $320 + $70 + $40
Total closing costs = $3,705
Therefore, the total closing costs for this mortgage are $3,705.