Real Estate Math
An Indiana buyer's closing costs include: origination fee $2,500; appraisal $600; title insurance $1,200; recording fees $150; prepaid interest $900. What are the total closing costs?
A$4,500
B$5,350✓ Correct
C$5,800
D$6,250
Explanation
Total = $2,500 + $600 + $1,200 + $150 + $900 = $5,350. Using the values given ($2,500, $600), apply the appropriate formula..
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