MATH 143 – You plan to buy a house for $220,000. You will pay 20% down.

You plan to buy a house for $220,000. You will pay 20% down.  Your 30 year loan is 6% with $1500 plus 1.5 points as loan fees.  You have other closing fees of $1950 for title searches, filing fees and other assorted fees.  How much cash money do you need to bring to the closing?

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