Real Estate Math

A buyer takes out a $260,000 loan. The closing costs are 3% of the loan amount. How much does the buyer pay in closing costs?

A$7,800✓ Correct

B$6,500

C$5,200

D$8,000

Explanation

$260,000 × 3% = $7,800 closing costs. To solve this, multiply the relevant values: $260,000 at 3%..

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