Funds position Purchase price $490,000 Clients' estimate of costs $25,000 Total required for the purchase $515,000 Loan amount $440,000 + LMI Clients' maximum contribution (including deposit of $50,000) Deposit to be paid and Final borrower contribution $77,000 Use fees and charges applicable to the state of Victoria. If a servicing calculator you are using requires a postcode, input 3083. Assets Capital Bank savings account (joint) $82,000 Capital Bank transaction account (joint) $1,600 Holden Colorado 2012 (Philip) $25,000 Kia Cerato Sport 2015 (Jennifer) $9,000 Superannuation  Capital Bank (Philip) $28,000 Superannuation  Capital Bank (Jennifer) $62,000 Household effects (insured value) $40,000 Liabilities Capital Bank personal loan (Philip) $5,600 (repayments $180 p.m.) Capital Bank Visa card (Philip) $200 (limit $4,000) Capital Bank Visa card (Jennifer) $1,600 (limit $5,000) Payments have always been met on time and any prior loans repaid in terms of contracts. The minimum monthly commitment on each of the credit cards should be calculated at 3% of the credit limit. Living expenses Annual expenditure for living expenses  $35,000 

Table/question to answer:

Assets and liabilities

Assets	Liabilities
Details	Market value:	Details	Monthly payments	Amount owing
Owner occupied property at:	Answer here	Mortgage with:	Answer here	Answer here
Investment Property at:	Answer here	Mortgage with:	Answer here	Answer here
Cash at bank (includes fixed deposits)	Answer here	Car leasing	Answer here	Answer here
Other cash (includes offset accounts)	Answer here	Personal loans 1. 2.	Answer here	Answer here
Deposit paid on property (only if paid)	Answer here	Overdraft	Answer here	Answer here
Motor vehicles: 1. 2.	Answer here	Other loans: 1. 2.	Answer here	Answer here
Personal effects	Answer here	Credit card limit: Answer here	Answer here	Answer here
Business value (if self-employed)	Answer here	Credit card limit: Answer here	Answer here	Answer here
Shares and investments	Answer here	Other:	Answer here	Answer here
Superannuation	Answer here	Other:	Answer here	Answer here
Other assets (give details)	Answer here	Other:	Answer here	Answer here
Total assets	Answer here	Total liabilities	Answer here	Answer here

Surplus/deficiency: (Total assets less Total liabilities) $Answer here

Answer rating: 100% (QA)

Based on the information provided heres the completed table Assets Market value Liabilities Monthly ... View the full answer