Liz and Rob purchased a house for $565,000. They put 20% down on the house. What was their down payment?
Marcus and Kenya purchased a house for $325,000. They put 15% down on the house. What is their mortgage amount?
Jen Sue got a $275,000 mortgage for 25 years at 6.0%. How much will the monthly mortgage payment be?
Juan put down 25% on a $190,000. What are the monthly mortgage payments for a 20 year loan at 7.5%?
Jill purchased a house for $155,000. She paid 15% down. What are her monthly mortgage payments for a 30 year loan at 8.0%?
Sam's mortgage was $164,000. The closing costs were 2 points and $3,500 in fees. What were his total closing costs?
Jacquelyn borrowed $333,333 to purchase her new home. Her closing costs were 1.5 points, $500 in attorney fees, and $375 in title fees. What were her total closing costs?
CHOOSE TWO ANSWERS: What is the mortgage amount and the monthly mortgage payments? Tommy and Ellen purchased a $99,000 house and put 10% down. Their mortgage is for 25 years at 7.5%.
Bryan wants to purchase a condo at Fox Run for $186,000. He is required to put 25% down. How much money must he have saved up for his down payment in order to purchase the condo?
Charlie and Rhonda bought a house for $258,000 and put 15% down. Their mortgage is for 30 years at 9%. What is the mortgage amount and the monthly mortgage payments? CHOOSE TWO ANSWERS.
The loan a person gets to purchase a house or a condominium is called a __________.
The percent of the mortgage amount paid at the closing is called _________.
What are some fees that a person can expect to incur at closing?
The closing cost on a $150,000 mortgage were 2.5 points and $2,400 in fees. What were the total closing costs?
Kayla put down 18% on her apartment that had a purchase price of $175,000. How much money did she borrow to purchase the apartment?