The amount of the loan origination fee if the lender charges one-and-a-half points is $6,750.
The loan origination fee is the upfront payment that a borrower is charged for loan processing.
Usually, most lenders charge between 0.5% and 1% of the loan amount plus any mortgage points.
Property value = $500,000
Down payment = $50,000
Loan (Mortgage) = $450,000
Origination fee = 1.5 points
= $6,750 ($450,000 x 1.5%)
Thus, the amount of the loan origination fee if the lender charges one-and-a-half points is $6,750.
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