Closing Costs. Larry and Laurie have found a home and made a $111,400 offer that has been accepted. They make a down payment of 20% Their bank charges a loan origination fee of 0.7% of the loan and points of 2.0% (both are based on the loan amount), Other fees include a $50 loan application fee, a $240 appraisal fee, and $350 for titio search and insurance. How much cash will Larry and Laurie need at closing? (Hint the loan origination fee and the points are not part of the loan and will be needed at closing.) The amount Larry and Laurie will need at closing is 5 (Round to the nearest cent.)