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Your bank's current maximum combined loan-to-value is 80%. Joseph is purchasing a home from Mr. and Mrs. Silva for $160,000. Joseph has $32,000 in cash

Your bank's current maximum combined loan-to-value is

80%. Joseph is purchasing a home from Mr. and Mrs. Silva for

$160,000. Joseph has $32,000 in cash for a down payment

and the Silvas have negotiated a seller carryback loan in the

amount of $28,000. What is the maximum allowable loan

amount?

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