What is the total loan origination fee if a house sells for $250,000 and the lender's appraiser values it at $220,000, with an 80% loan ratio and one point charge?

To determine the total loan origination fee, we first need to calculate the amount of the loan based on the appraised value of the house and the loan-to-value (LTV) ratio. The house has been appraised at $220,000, and the lender will provide a loan at 80% of that amount.

Calculating the loan amount:

• Loan amount = Appraised value × Loan ratio
• Loan amount = $220,000 × 0.80 = $176,000

Next, we need to calculate the loan origination fee, which is typically charged as a percentage of the loan amount. The question specifies a "one point charge," where one point equals 1% of the loan amount.

Calculating the loan origination fee:

• Loan origination fee = Loan amount × 1%
• Loan origination fee = $176,000 × 0.01 = $1,760

Thus, the total loan origination fee is $1,760. This is why the correct answer is $1,760.