Alender estimates the closing costs on a home loan of $50,000 as listed below. closing cost charge loan origination $200 title insurance $530 attorney’s fees $600 appraisal $265 inspection $575 recording fees $130 escrow $800 if the lender's good faith estimates are accurate, are they a reasonable amount for closing costs? why or why not? a. yes, because the lender esitmated 3.08% of the home loan in closing costs which falls between 3 - 5%. b. yes, because the lender estimated 4.6% of the home loan in closing costs which does not fall between 3 - 5%. c. no, because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%. d. no, because the lender estimated 17.7% of the home loan in closing costs which does fall between 3 - 5%.

The correct option is c.

Step-by-step explanation:

The amount of home loan is $50,000.

Closing Cost Charge Loan origination $200 Title insurance $530 Attorney’s fees $600 Appraisal $265 Inspection $575 Recording fees $130 Escrow $800.

The total of estimated closing cost is

The percent formula,

Therefore the estimated closing cost is 6.2% of home loans.

Since the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%, therefore the they are not a reasonable amount for closing costs. Option c is correct.

8(-10x+3.5y-7)

8×-10x + 8×3.5y + 8×-7

-80x + 28y - 56

therefore

-80x+28y-56 is the correct answer

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step-by-step explanation: