A lender estimates the closing costs on a home loan will be 3. 75% of the loan amount of $120,000. The actual closing costs are listed below. Closing Cost Charge Loan origination $300 Title insurance $600 Attorney’s fees $1,250 Appraisal $550 Inspection $525 Recording fees $125 Escrow $2,000 Evaluate the lender’s good faith estimate. A. The lender made an excellent estimate; it was equal to the actual closing costs. B. The lender made a very good estimate; it was within 0. 25% of the actual closing costs. C. The lender made a fairly good estimate; it was between 0. 25% and 0. 5% of the actual closing costs. D. The lender made a poor estimate; it was off by more than 0. 5% of the actual closing costs. Please select the best answer from the choices provided A B C D.