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SWFT Comprehensive Vol 2020

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 44P

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Question

The table shows closing costs for a purchase of a $303,000 house requiring a 20% down
payment. Find the total amount of cash required of the buyer at closing (including down
payment).
The total amount of cash required at closing is $
(Simplify your answer.)
Title insurance premium
Document recording fee
Loan fee
Appraisal tee
Prorated property taxes
Prorated insurance premium
$370
$60
$400
$669
$295

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