Ste 7/ ASA Closing Costs. Larry and Laurie have found a home and made a $113,800 offer that has been accepted. They make a down payment of 5%. Their bank charges a loan origination fee of 0.6% of the loan and points of 1.5% (both are based on the loan amount). Other fees include a $40 loan application fee, a $240 appraisal fee, and $390 for title 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 $ (Round to the nearest cent.)