## Related questions with answers

Question

Reiko Wakui wants to buy a home for $\$ 175,000$. She expects to make a $20 \%$ down payment and estimates her closing costs as: legal fees, $1,350; title insurance,$\$331$; property survey, $\$ 275$; inspection, $\$ 175$; loan processing fee, $96; recording fee, $540.

What amount of cash will she need when she buys the house?

Solution

VerifiedStep 1

1 of 2The cash needed is the sum of the down payment and the closing costs.

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