Jonathan found a home that appraises for $$180,000.$ The seller is asking $$176,000,$ but Jonathan negotiates the price down to $$170,000.$ What value will the bank use to determine the loan to value $($LTV$)?$

The appraisal value of $$180,000$

The asking price of $$176,000$

The purchase price of $$170,000$

The average of the three values

It depends on the home