create a finace structure summary Based on the information provided regarding the Singh project, we can summarize the financial structure by calculating the funds required for the project and the funds available for the project. Below is a detailed breakdown: 1. Funds Required for the Project A. Purchase Costs Land Purchase Price: $295,000 House Construction Cost: $290,000 B. Estimated Additional Costs To provide a comprehensive estimate, we will include additional costs that are typically associated with property purchases and construction. These may include: Legal Fees: $2,000 (estimate) Stamp Duty: $12,770.00 Building Insurance: $1,500 (estimate) Miscellaneous Costs: $1,000 (estimate for any unforeseen expenses) C. Total Funds Required Calculation Total Funds Required=295,000+290,000+2,000+12,770+1,500+1,000=602,270 2. Funds Available for the Project A. Current Financial Position Home Equity: Home Value: $840,000 Home Loan: $205,000 Home Equity Calculation: 840,000205,000=635,000 Available Equity for Borrowing: Assuming they can leverage up to 80% of the home equity: Available Equity=0.80Home Equity=0.80635,000= 508,000 B. Total Funds Available Calculation Total Funds Available= Available equity Substituting the values Total Funds Available=508,000 3. Summary of Financial Structure Total Funds Required for the Project: $604,270 Total Funds Available for the Project: $ 508,000 To determine if additional funding is needed: Funding Gap=Total Fund