medium · National Real Estate Exam
A buyer is purchasing a duplex for $300,000 and obtaining a 75% loan. The lender charges 3 discount points. The buyer's closing costs are $5,000. The seller is providing a $3,000 credit for repairs.
If the buyer's earnest money is $15,000, what is the cash to close?
- $62,000
- $63,750
- $68,750
- $71,750
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