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Mathematics, 12.07.2019 15:50 lIechonoxIl

Alender estimates the closing costs on a home loan will be 3% of the loan amount of $180,000. the actual closing costs are listed below. closing cost charge loan origination $345 title insurance $600 attorney's fees $1,350 appraisal $480 inspection $550 recording fees $175 escrow $1,900 evaluate the lender's good faith estimate. a. the lender made an excellent estimate; it was equal to the actual closing costs. b. the lender made a very good estimate; it was within 0.25% of the actual closing costs. c. the lender made a fairly good estimate; it was between 0.25% and 0.5% of the actual closing costs. d. the lender made a poor estimate; it was higher than 0.5% of the actual closing costs.

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