Real Estate Math
A Nebraska buyer is purchasing a $342,000 home with a VA loan (0% down). The VA funding fee is 2.15% of the loan amount. What is the funding fee?
A$7,353✓ Correct
B$7,203
C$6,840
D$7,500
Explanation
Funding fee = $342,000 × 2.15% = $7,353. To solve this, multiply the relevant values: $342,000 at 0%.. The correct answer is $7,353.. This is a common calculation on the Nebraska real estate exam.
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