8-3: Mortgage Application Process
Authored by Chris Wood
Mathematics
11th - 12th Grade
CCSS covered
Used 31+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You are planning to buy a home. You have some money for a down payment already. You see a home you would like and compute that you would need to borrow $91,500 from a bank over a 25-year period. The APR is 3.28%. Calculate the interest paid.
$447.34
$447.35
$134,205
$42,705
$42,702
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You are planning to buy a home. You have some money for a down payment already. You see a home you would like and compute that you would need to borrow $115,250 from a bank over a 15-year period. The APR is 2.82%. Calculate the interest paid.
$28,222.60
$26,222.80
$141,472.80
$785.96
$785.95
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You are planning to buy a home. You have some money for a down payment already. You see a home you would like and compute that you would need to borrow $219,090 from a bank over a 20-year period. The APR is 1.9%. Calculate the interest paid.
$1,097.99
$1,098.00
$263,517.60
$44,426.70
$44,427.60
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You are planning to buy a home. You have some money for a down payment already. You see a home you would like and compute that you would need to borrow $187,000 from a bank over a 10-year period. The APR is 3.4%. Calculate the interest paid.
$33,850.40
$33,898.40
$220,898.40
$1,840.42
$1,840.41
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
You are planning to buy a home. You have some money for a down payment already. You see a home you would like and compute that you would need to borrow $304,000 from a bank over a 30-year period. The APR is 2.99%. Calculate the interest paid.
$1,280.03
$1,280.04
$460,814.40
$156,814.40
$156,810.80
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The assessed value of your home is $175,000. The annual property tax rate is 2.1% of assessed value. What is the property tax?
$3,655
$3,665
$3,675
$3,685
$3,695
Tags
CCSS.6.RP.A.3C
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The assessed value of your home is $201,000. The annual property tax is 3.4% of assessed value. What is the property tax?
$6,834
$6,835
$6,836
$6,837
$6,838
Tags
CCSS.6.RP.A.3C
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
Already have an account?
