Mortgages

Front

What is a mortgage loan?

Back

A real-estate loan that gives the lender the right to take and sell the property if the borrower fails to make the payments on the loan.

Front

What is a down payment?

Back

A portion of the cash price of an item that has to be paid before financing the rest on credit.

Front

Calculate the down payment: 20% of 234,900

Back

$46,980

Front

What is the 15% down payment of a home purchased at the price of $439,000?

Back

$65,850

Front

What is the cost of the mortgage loan of a house that sold for $235,600 with a 25% down payment?

Back

$176,700

Front

What is the cost of the mortgage loan of a house that sold for $389,750 with a 18% down payment?

Back

$319,595