If you have $40,000 in savings the loan is $350,000. How do you calculate the down payment

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If you have $40,000 in savings the loan is $350,000. How do you calculate the down payment with a closing cost of 1%? and how much would be the closing cost be? After all the calculations what is the total borrowed?

Related Book For answer-question

Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Posted Date: Oct 04, 2020 07:16 AM

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If you have $40,000 in savings the loan is $350,000. How do you calculate the down payment

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Personal Financial Planning

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