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Steve is buying a home worth $275000. His closing costs will amount to 6%, & his down payment is 15%. How much is each fee.

AThe closing cost are $16,500, & the down payment is $41,250.

BThe closing cost are $16,500, and the down payment is $42,000

CThe closing cost are $42,500, & the down payment is $165,000

Verified Answer :

answer is A. The closing cost are $16,500, & the down payment is $41,250. 

 $275000 * 0.06 =$16,500 ...closing cost
 $275000 * 0.15 =$41,250....down payment

Answer: For Plato users

A. The closing costs are $16,500 ,and the down payment is $41,250

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