Using the information provided, answer the following question for conventional financing: Sales price = $248,500 Down payment

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Using the information provided, answer the following question for conventional financing:

Sales price = $248,500

Down payment = 10%

Seller Contribution = $4,500

Closing Costs = 2.5%

Prepaids = 1%

What is the cash-to-close?

Related Book For answer-question

Calculus For Scientists And Engineers Early Transcendentals

ISBN: 9780321849212

1st Edition

Authors: William L Briggs, Bernard Gillett, Bill L Briggs, Lyle Cochran

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Posted Date: Jan 01, 2024 12:52 AM

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Using the information provided, answer the following question for conventional financing: Sales price = $248,500 Down payment

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Expert Answer:

Answer I To calculate the cashtoclose we need to consider the down payment closing co... View the full answer

Calculus For Scientists And Engineers Early Transcendentals

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