# Real Estate Finance

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If your lending institution is willing to give you an 85% loan/mortgage on a house valued at \$150,000 and you already have given a \$5,500 earnest money deposit, how much additional cash will you need for your downpayment?

• Real Estate Finance -

150,000 * 0.15 = 22,500

22,500 - 5,500 = \$17,500

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