What liquid assests are required

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Reference no: EM131503522

A buyer is considering purchasing a house for $276,000 and he has the following costs:

$3,240 for Land transfer tax and legal fees

$615 for adjustments on closing

$950 for moving expenses

$2,800 for major purchases

IF THE BUYER WAS ASSUMING EXISITNG FINANCING OF $147,500, WHAT LIQUID ASSESTS ARE REQUIRED?

A. $136,105

b.$276,000

c.$283,605

d.$128,500

Reference no: EM131503522

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