A Buyer Agreed to Put Down $5,000 as Earnest Money

Multiple Choice

A buyer agreed to put down $5,000 as earnest money toward a house he was buying for $97,000. The offer was based upon receipt of an 80% loan from a bank. The attorney's fees were $2,000 and all other buyer costs amounted to $1,500. How much money will the buyer need to pay at settlement?

A) $14,400
B) $17,900
C) $17,700
D) $22,900