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You are about to purchase your first home for a purchase price of $323,210 and would like to know the amount of money needed at closing. You will place a 17% down payment and will pay 2 points on the loan. Other miscellaneous closing costs (appraisal, inspection, legal, buyer real estate agent fees) should be approximately 2.3% of the purchase price. How much will you need at closing?

Financial Management, Finance

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