# In what range do the closing costs on a home loan typically fall? a. 1% to 3% b. 3% to 5% c. 5% to 7% d. 7% to 10% Please select the

3 answers

###### Question:

In what range do the closing costs on a home loan typically fall? a. 1% to 3% b. 3% to 5% c. 5% to 7% d. 7% to 10% Please select the best answer from the choices provided A B C D

## Answers

b. 3% to 5% is the right choice.

Step-by-step explanation:

When a person buys a house, he will pay anywhere between 2 to 5 percent of the actual home price or the purchase price in the closing fees.

For example - if a home costs $200,000, a person can pay between $4000 and $10000 in closing costs.

So, option B : 3% to 5% is the correct answer.

The answer is b.

Step-by-step explanation:

It depends on how much the mortgage company is asking for typically 5%-7% and sometimes more. But typically C)

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