Answer:
C. 3525
Step-by-step explanation:
To calculate the mortgage company's fee, you first need to determine the mortgage amount, and then apply the 1.5% loan origination fee.
The purchase price of the house is $235,000.
The buyer makes a $50,000 down payment.
To find the mortgage amount:
Mortgage Amount = Purchase Price - Down Payment
Mortgage Amount = $235,000 - $50,000
Mortgage Amount = $185,000
Now, you can calculate the loan origination fee:
Loan Origination Fee = (Loan Amount) x (Loan Origination Fee Rate)
Loan Origination Fee = $185,000 x (1.5/100)
Loan Origination Fee = $185,000 x 0.015
Loan Origination Fee = $2,775
So, the mortgage company will charge a loan origination fee of $2,775.
The closest answer choice to this amount is:
c. $3,525
However, this does not match the calculated amount of $2,775. It's possible that there is an error in the answer choices provided. The correct answer based on the calculation should be $2,775, not one of the answer choices provided.