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A building was bought for $185,000, with 10% down and a loan for the balance. if the lender charged the buyer two discount points, how much cash did the buyer need at closing to…

A building was bought for $185,000, with 10% down and a loan for the balance. if the lender charged the buyer two discount points, how much cash did the buyer need at closing to…
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A building was bought for $185,000, with 10% down and a loan for the balance. if the lender charged the buyer two discount points, how much cash did the buyer need at closing to pay the down payment and the loan fees?

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User Sulphy
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1 Answer

5 votes
The borrower needs to bring the 10% down payment and another $3,3330 for points for a total of $21,830.
Answer=$21,830
answered
User Alex Mounir
by
8.5k points
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