The following closing costs were paid on a home loan. Closing Cost Loan origination Title insurance Attorney's fees Appraisal Recording fees Escrow Charge $320 $473 $915 $415 $103 $1,318 If the closing costs were 5% of the loan amount, how much was the loan amount? a $62,580 b. $70,880 c. $74,424 d. $177,200