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Larry and Laurie have found a home and made a $395,300 offer that has been accepted. They make a down payment of 20%. The CMHC

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Larry and Laurie have found a home and made a $395,300 offer that has been accepted. They make a down payment of 20%. The CMHC mortgage loan insurance premium is 2.4% of the mortgage amount required. Larry and Laurie have decided to pay this fee at the time of closing instead of having it added to the mortgage. Other fees include a $140 loan application fee, a $250 appraisal fee, $310 home inspection fee, $540 in legal fees, and $320 for title search and insurance. How much cash will Larry and Laurie need at closing? The amount Larry and Laurie will need at closing is $. (Round to the nearest cent.)

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