The table shows closing costs for a purchase of a $293,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). Title insurance premium Document recording fee Loan fee (1 point) Appraisal fee The total amount of cash required at closing is $ (Simplify your answer.) $450 $60 $400 Prorated property taxes $674 Prorated insurance premium $295

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
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The table shows closing costs for a purchase of a $293,000 house requiring a 20% down
payment. Find the total amount of cash required of the buyer at closing (including
down payment).
Title insurance premium
Document recording fee
Loan fee (1 point)
Appraisal fee
The total amount of cash required at closing is $
(Simplify your answer.)
$450
$60
$400
Prorated property taxes
$674
Prorated insurance premium
$295
Transcribed Image Text:The table shows closing costs for a purchase of a $293,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). Title insurance premium Document recording fee Loan fee (1 point) Appraisal fee The total amount of cash required at closing is $ (Simplify your answer.) $450 $60 $400 Prorated property taxes $674 Prorated insurance premium $295
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