Question

What are the closing costs for a recent home purchase that includes a mortgage of $80,528 at 1.5 points and attorney's fees of $375 and title fees of $215?

Answer 1

$1,797.92

Explanation:

Answer 2

1797.92

Explanation:

The closing cost for the home percent mortgage can be calculated as follows

= 0.01×1.5×80,528

= 1207.92

1207.92+375+215

= 1797.92

Hence the closing cost for the home purchase is 1797.92