Hunter and Emily just received the phone call from their realtor that their offer on a new home was accepted! They are excited to move from being renters to homeowners but know that things will be tight since it took all their savings for a 15% down payment on a $400,000 home. Costs are adding up, and they are starting to get anxious. The Canada Mortgage Housing Corporation (CMHC) mortgage loan insurance premium is 2.80% of the mortgage amount which they have decided to pay at the time of closing instead of adding it to their monthly mortgage. Other fees include a $255 loan application fee, a $450 appraisal fee, a $775 home inspection fee, $765 in notary fees and $5,550 land transfer tax (sometimes known as the Welcome tax or Transfer duties) and $860 for title insurance and homeowners insurance of $1,200. How much will Hunter and Emily need to cover at closing including the down-payment?

a$76,950

b$76,390

c$75,100

d$77,775

e$79,375