MA 2 - Mortgage Practice Questions

You want to buy a house that is valued at $215,000. You are putting 15% down. What is the down payment? What is the loan amount?

• 15; 214985

• 3225; 211,775

• 32,250; 182,750

• 107,500; 107500

Tags

CCSS.6.RP.A.3C

Marcus and Kenya purchased a house for $325,000. They put 15% down on the house. What is their mortgage amount?

• $48,750

• $276,250

• $32,500

• $292,500

Tags

CCSS.6.RP.A.3C

George and Kayla are buying a new condo. Find their total closing costs. Credit report $55, Legal fees $500, Title search $150, Survey $210, loan origination fee $110

• 915

• 1,025

• 970

Liz and Rob purchased a house for $565,000. They put 20% down on the house. What was their down payment?

• $113,000

• $452,000

• $11,300

• $553,700

Tags

CCSS.6.RP.A.3C

Find 1.355% of $340,600

• 461,513

• 4,615.13

• 461.51