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