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Mortgage Calculator Quiz

Authored by Crystal Diaz

Mathematics

10th Grade

Used 1+ times

Mortgage Calculator Quiz
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13 questions

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1.

MATH RESPONSE QUESTION

5 mins • 2 pts

Find the monthly mortgage for a $799,000 house in a 30 year mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

2.

MATH RESPONSE QUESTION

5 mins • 2 pts

What is the total interest paid to a $799,000 house in a 30 year mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

3.

MATH RESPONSE QUESTION

5 mins • 2 pts

How much will a buyer have paid after 30 years of paying a mortgage on a $799,000 house with a 7.5% interest rate.

Mathematical Equivalence

ON

4.

MATH RESPONSE QUESTION

5 mins • 2 pts

How much money will a buyer save in interest if they pay an addition $200 a month on a $799,000 mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

5.

MATH RESPONSE QUESTION

5 mins • 2 pts

How sooner will a person will a buyer payoff their mortgage if they pay an addition $200 a month on a $799,000 mortgage with a 7.5% interest rate.

(Indicate the number of months)

Mathematical Equivalence

ON

6.

MATH RESPONSE QUESTION

5 mins • 2 pts

Find the monthly mortgage for a $799,00 house in a 15 year mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

7.

MATH RESPONSE QUESTION

5 mins • 2 pts

How much money will a buyer save if they opt for a 15 year loan instead of a 30 year loan on a $799,000 mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

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