The buyers costs are a $210,000 purchase price, a $1,680 origination fee, $400 for a lender's policy of title insurance, $300 for an appraisal, $1,130 for property taxes in advance, and $555 for hazard Insurance. She is put down an $8,000 earnest money deposit and is receiving a $168,000 loan. What is the cash balance required from the buyer at closing?
A. $4,065
B. $34,000
C. $38,065
D. $46,065
Answer: C. $38,065
Business
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