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?

Formula: Down payment = loan amount x the percent down

Formula: Finance amount = loan amount - down payment amount

• $15; $214985

• $3225; $211,775

• $32,250; $182,750

Tags

CCSS.6.RP.A.3C

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

Formula: Down payment = loan amount x the percent down

• $113,000

• $452,000

• $11,300

Tags

CCSS.6.RP.A.3C

Use the chart above to find the monthly payment for a 15 year, $200,000 loan at 9%.

• $10.14

• $202.80

• $2028

Tags

CCSS.7.RP.A.3

Use the chart.

What is the monthly payment on a 30 year, $100,000 loan at 7%?

• $6.65

• $665

• $6650

Tags

CCSS.7.RP.A.3

Use the chart.

Heidi has an $89,000 mortgage if her interest rate is 11% and she has a 15 year term, What is her monthly payment?

• $1011.93

• $30,357.90

• $364,294.80

Tags

CCSS.7.RP.A.3

Ryan pays $906.15 each month on a 15 year mortgage. How much will he pay at the end of the term?

• $163,107

• $13592.25

• $203,883.75

Tags

CCSS.7.EE.B.3

Selling price: $320,000.

Down payment: 20 percent.

How much is the Down Payment?

Formula: Down payment = loan amount x the percent down

• $256,000

• $64,000

• $7.46

• $1,909.76

Tags

CCSS.6.RP.A.3C

Joe wants to get a $150,000 mortgage. The monthly payment is $794. How much will he have paid at the end of the loan term, if he gets a 25 year mortgage?

• $188,200

• $238,200

• $150,794

Tags

CCSS.6.RP.A.3B

If the cash price of an house is $230,000, and you are asked to make a down payment of 10%, how much will you pay?

Formula: Down payment = loan amount x the percent down

• $23,000

• $2,300

• $20,700

Tags

CCSS.6.RP.A.3C

Use the chart above to find the monthly payment for a 15 year, $400,000 loan at 8%.

• $3,010.14

• $3,202.80

• $3,824

Tags

CCSS.7.RP.A.3