Harley and Quinn are refinancing their home and their lender is charging them 1% for their loan commitment fee.

Harley and Quinn are refinancing their home and their lender is charging them 1% for their loan commitment fee.

Their loan amount is $192,000, their interest rate is 4.75%, and their appraised value is $275,000.

Harley and Quinn will pay a ______ loan commitment fee.