SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN: 9780357391266
Author: Nellen
Publisher: Cengage
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The table shows closing costs for a purchase of a $293,000 house requiring a 20% down
payment. Find the total amount of cash required of the buyer at closing (including
down payment).
Title insurance premium
Document recording fee
Loan fee (1 point)
Appraisal fee
The total amount of cash required at closing is $
(Simplify your answer.)
$450
$60
$400
Prorated property taxes
$674
Prorated insurance premium
$295
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Transcribed Image Text:The table shows closing costs for a purchase of a $293,000 house requiring a 20% down payment. Find the total amount of cash required of the buyer at closing (including down payment). Title insurance premium Document recording fee Loan fee (1 point) Appraisal fee The total amount of cash required at closing is $ (Simplify your answer.) $450 $60 $400 Prorated property taxes $674 Prorated insurance premium $295
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