Real Estate Math
A West Virginia buyer's closing costs include 1% origination fee on a $168,000 loan, $750 title insurance, $425 appraisal, and $350 for title search. Total closing costs are:
A$2,185
B$3,185✓ Correct
C$3,310
D$3,525
Explanation
Origination fee = $168,000 × 1% = $1,680. Total = $1,680 + $750 + $425 + $350 = $3,205.
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