House Qualify Mortgage Payment

House Qualify Mortgage Payment

11th Grade

15 Qs

quiz-placeholder

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House Qualify Mortgage Payment

House Qualify Mortgage Payment

Assessment

Quiz

Other

11th Grade

Easy

Created by

Matt Labick

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $80,000 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ x .36 = $______)

They have a current debt of a monthly car payment of $175

They also have a tuition payment monthly for college of $455.

The couple can qualify for a $_____ mortgage payment ($_____ - $_____-_____ = $______.)

$1770

$1789

$1754

$1746

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $120,000 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ x .36 = $______)

They have a current debt of a monthly car payment of $275

They also have a tuition payment monthly for college of $555.

The couple can qualify for a $_____ mortgage payment ($_____ - $_____-_____ = $______.)

$2770

$2789

$2754

$2746

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $85,000 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ x .36 = $______)

They have a current debt of a monthly car payment of $375

They also have a tuition payment monthly for college of $855.

The couple can qualify for a $_____ mortgage payment ($_____ - $_____-_____ = $______.)

$1320

$1354

$1648

$2746

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $252,000 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ x .36 = $______)

They have a current debt of a monthly car payments of $875

They also have a tuition payment monthly for college of $1,255.

The couple can qualify for a $_____ mortgage payment ($_____ - $_____-_____ = $______.)

$5430

$5231

$5478

$5471

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $175,452 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ x .36 = $______)

They have a current debt of a monthly car payments of $775

They also have a tuition payment monthly for college of $785.

The couple can qualify for a $_____ mortgage payment ($_____ - $_____-_____ = $______.)

$3703.56

$3540.20

$3578.32

$3796.56

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $95,752 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ per month x .36 = $______)

They have a current debt of a monthly:

total car payments of $675

tuition payment monthly for college of $685.

phone bill for $123.19.

The couple can qualify for a $_____ mortgage payment.

$1389.37

$1540.20

$1378.32

$1396.56

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A couple earns $75,832 per year, or $_____ per month.

They can carry a maximum debt load of $_____ ($____ per month x .36 = $______)

They have a current debt of a monthly:

total car payments of $275

tuition payment monthly for tech school of $285.

phone bill for $90.24.

The couple can qualify for a $_____ mortgage payment.

$1624.72

$1640.20

$1578.32

$1496.56

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