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?

Question

asked Jan 13, 2022 81.9k views

2 Answers

Kiyomi · Answer 1 · 2022-01-16T21:30:42+0000

Answer:

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