Homework Help: Real Estate Finance

Posted by tmouery on Monday, November 26, 2012 at 2:26pm.

If you are required to pay 1.5 discount points, a 1 point origination fee, a 7.5 PMI, and $3,800 for other closing costs and prepaids, how much cash will you need to close the 90% conventional loan on your new $148,500 home? (You have previously deposited $8,000 in earnest money with the escrow officer.)

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