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A buyer is considering purchasing a house for $276,000 and he has the following costs: $3,240 for Land transfer tax and legal fees $615 for
A buyer is considering purchasing a house for $276,000 and he has the following costs:
$3,240 for Land transfer tax and legal fees
$615 for adjustments on closing
$950 for moving expenses
$2,800 for major purchases
IF THE BUYER WAS ASSUMING EXISITNG FINANCING OF $147,500, WHAT LIQUID ASSESTS ARE REQUIRED?
A. $136,105
b.$276,000
c.$283,605
d.$128,500
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