dylansnowflake0706
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  • 12-03-2019
  • Business
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Closing costs are calculated based on _____. loan amount minus down payment down payment made selling price of the house selling price of the house minus down payment

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lucic
lucic lucic
  • 12-03-2019

Answer

Closing costs are calculated based on price of the house minus down payment

Explanation

Closing costs are either brought as cash to closing or financed into a loan.They are usually used when people buy or rent properties and the closing cost is the amount a person pays based on the down payment. To estimate the closing cost, you subtract the down payment from the purchase price of the home.

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