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An otherwise good comparable sold for $400,000. It was financed with a 70% LTV loan at 5%, monthly, 15 years. Market financing terms for the
An otherwise good comparable sold for $400,000. It was financed with a 70% LTV loan at 5%, monthly, 15 years. Market financing terms for the property would have been 70% LTV, 6%, monthly, 20 years. What is the financing adjustment that should be applied to the comparable? Round your answer to the nearest $1. Do not use a $.
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