Real Estate Math
A Wisconsin property sells for $285,000 and the buyer pays 1% origination fee and 1.5 discount points. Total upfront loan costs based on a 90% LTV loan are:
A$5,612.50
B$6,412.50✓ Correct
C$7,112.50
D$8,000.00
Explanation
Loan = $285,000 × 90% = $256,500. Origination (1%) = $2,565.
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