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Kristian purchased a new home for $ 2 0 0 , 0 0 0 . He put down $ 5 0 , 0 0 0
Kristian purchased a new home for $ He put down $ in cash and took out a mortgage for the rest. At the time of closing, he also paid $ for title insurance, $ in recording fees, and the bank required that he place $ in an escrow account for property taxes. What is the basis of the home?
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