A house is listed for $375,000. A potential purchaser makes an offer of $375,000 subject to the vendor taking back a $200,000 mortgage at 4.5% compounded semiannually. Monthly payments would be based...

A house is listed for $375,000. A potential purchaser makes an offer of $375,000 subject to the vendor taking back a $200,000 mortgage at 4.5% compounded semiannually. Monthly payments would be based on a 25- year amortization. The prevailing market rate for mortgages with terms of five years and longer is 5.2% compounded semiannually. To the nearest dollar, calculate the equivalent cash value of the offer if the term of the mortgage is 25 years.