A lender estimates that the closing costs on a $312,500 home loan will be $12,500. the actual closing costs were 4.25% of the loan amount. determine if the closing costs were higher or lower than the estimate and by what percent. a. higher by 0.125% b. higher by 0.25% c. lower by 0.125% d. lower by 0.25% please select the best answer from the choices provided a b c d