13. The house that amber and Amy want to buy costs $210 000. They need 5% of the
purchase price for the minimum down payment and 2% of the purchase price for closing
costs. How much will they need for the down payment and closing costs?
14. The house that Kim wants to buy costs $360 000. She needs 20% of the purchase price
for the down payment and 3% of the purchase price for closing costs. How much will
Kim need for the down payment and closing costs?
15. State four types of additional (one-time) costs to consider when initially purchasing a
house. Explain each of these costs.
