The table on the right shows closing costs for a purchase of a $\$ 368,000$ house requiring a $20 \%$ down payment. Find the total closing costs.
Title insurance premium
Document recording fee
Loan fee (3 points)
Appraisal fee
Prorated property taxes
Prorated insurance premium
$\$ 240$
$\$ 30$
$\$ 225$
$\$ 676$
$\$ 300$
What are the total closing costs?
$5 \square$
Answer
\(\boxed{\text{The total closing costs for the purchase of the house are \$1476}}\)
Step 1 ：The question is asking for the total closing costs for the purchase of a house. The closing costs are given as individual costs for different items. To find the total closing costs, we need to add up all these individual costs.
Step 2 ：Given costs are: Title insurance premium = \$240, Document recording fee = \$30, Loan fee = \$225, Appraisal fee = \$676, Prorated property taxes = \$300, Prorated insurance premium = \$5
Step 3 ：Add all the given costs: \$240 + \$30 + \$225 + \$676 + \$300 + \$5 = \$1476
Step 4 ：\(\boxed{\text{The total closing costs for the purchase of the house are \$1476}}\)
