The Question Is : You are selling your house and you think it will sell for $315,000. You talk to a real estate agent who is willing to list your house for $319,000. Her fee is 7%. You currently owe $170,000 on your home.

*Please Answer All Part's To D , E and F*

d. If the buyer wants you to pay dosing costs of $4,300. d-1. how much money will you have for a down payment on your next house if you get a full price offer of 5319,900 ? d-2. how much money will you have for a down payment on your next house if you accept an offer for $315,000 ? e. You decide not to sell your house but to remodel and put on an addition. What is the equity in your house given a $315,000 appraised value? f. The bank will let you borrow 90% of the appraised value of your house, which appraises at $315,000. What is the maximum home equity loan you can get? Hint: Don't forget to deduct the existing mortgoge balance before calculating your