A home buyer is financing a house for $135,950. The buyer has to pay $450 plus 1.15% for a brokerage fee. How much are the mortgage brokerage fees?

$2,489.25
$2,013.43
$2,018.60
$2,031.43

Question

A home buyer is financing a house for $135,950. The buyer has to pay $450 plus 1.15% for a brokerage fee. How much are the mortgage brokerage fees?

$2,489.25
 $2,013.43
 $2,018.60
 $2,031.43

Aratox · Answer

Just wondering, before I go any farther... are these questions for a test, or something?

TheJag18 · Answer

no, there from two diferent assigments that of questions i need help on.

Aratox · Answer

Oh, okay

Aratox · Answer

The mortgage brokerage fees can be calculated as follows:

$450 + (1.15% of $135,950) = $450 + ($1,564.42) = $2,014.42

Therefore, the mortgage brokerage fees amount to $2,014.42. Therefore the closest answer option is $2,013.43.

TheJag18 · Answer

great :)