A lender estimates that the closing costs on a $165,000 home loan will be $6,187.50. the actual closing costs were 3.5% of the loan amount. determine if the closing costs were higher or lower than the estimate and by what percent? a. higher by 0.25% b. higher by 0.5% c. lower by 0.25% d. lower by 0.5% please select the best answer from the choices provided a b c d