A house is selling for $180,000. A deposit of $10,000 was made when the sales contract was signed. The down payment is 25% and the balance will be financed with a 25-year mortgage at 9% and 3 discount...

Extracted text: A house is selling for $180,000. A deposit of $10,000 was made when the sales contract was signed. The down payment is 25% and the balance will be financed with a 25-year mortgage at 9% and 3 discount points. If the sellers are responsible for the broker's commission (6% of the purchase price); $1,950 in other closing costs; and the existing mortgage with a balance of $60,000; what proceeds will they receive on the sale of the property? $101,850.00 $107,250.00 $112,650.00 O $116,650.00