Sam and Joan made an offer of $250,000 asking the seller to pay all closing costs. They will put 10% down and pay one discount points at closing. The amount of cash required at closing for Sam and Joan will be?

Options:

A) $27,250

B) $25,000

C) $22,500

D) $20,000

The amount of cash required at closing for Sam and Joan will be $22,500.

Explanation:

If the will put 10% down and pay one discount points at closing, the amount of cash required will be 27,250.

10% of 250,000= $25000

1% of 250,000= $2500

Cash required for closing= $25000- $2500

=$ 22,500

c

explanation:

well obviously you must be dumb if you dont noe dat