Closing Costs. Larry and Laurie have found a home and made a $101.200 offer that has been accepted. They make a down payment of 10% Their bank charges a loan origination fee of 0.6 % of the loan and points of 1.4 % ?(both are based on the loan? amount). Other fees include a ?$50 loan application? fee, a ?$210 appraisal? fee, and ?$330 for title search and insurance. How much cash will Larry and Laurie need at? closing?
?(?Hint: the loan origination fee and the points are not part of the loan and will be needed at? closing.)
The amount Larry and Laurie will need at closing is ?$ ?.