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200000 Given the following information, calculate the equity that must be raised (or contributed) to purchase the property: Purchase price: 898,000 Initial loan-to-value ratio: 67%
200000 Given the following information, calculate the equity that must be raised (or contributed) to purchase the property:
Purchase price: 898,000
Initial loan-to-value ratio: 67%
Loan Rate: 4.75%
Term: 15 years
Monthly payments $ 4,679
Up-front financing costs: 3.0% of loan amount
$314,390
$346,509
$359,632
$274,267
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