02drinehart
contestada

Aziza is buying a $125,000 home. She has decided to purchase 2 points in order to lower her interest rate. The appraisal fee is $450, the processing fee is $575, and the title fee is $600. What is her total in closing costs?​

Respuesta :

Answer: $2875

Explanation:

Her total in closing stock will be:

Cost of points = $1250

Appraisal fee = $450

Processing fee = $575

Title fee = $600

Total closing stock = $2875

Note that cost of points was calculated as 1% of the cost of the home.

= 1% × $125000.

= $1250

2025bellikar

Answer: $4124

Explanation:

Her total in closing stock will be:

Cost of points = $2500

Appraisal fee = $450

Processing fee = $575

Title fee = $600

Total closing stock = $4125