Rental, Mortgage, and Moving Costs

      You would like to buy a house that costs $185,450. If you pay 20% as a down payment, how much would be left to finance?

• $148,360

• $145,456

• $152,069

• $151,086

Tags

CCSS.6.RP.A.3C

      You would like to buy a house that costs $240,560. If you pay 20% as a down payment, how much would be left to finance?

• $192,448

• $184,568

• $190,412

• $188,456

Tags

CCSS.6.RP.A.3C

You would like to purchase a house that costs $315,000. It is recommended that you put 20% of the cost of the home as a down payment. Calculate how much the down payment would be

• $63,000

• $59,500

• $6300

• $5,950

Tags

CCSS.6.RP.A.3C

You would like to purchase a house that costs $165,000. It is recommended that you put 20% of the cost of the home as a down payment. Calculate how much the down payment would be

• $33,000

• $29,500

• $3300

• $2,950

Tags

CCSS.6.RP.A.3C

      Calculate the monthly payment for a principal amount of $154,000. The rate is

4.8% for a 15- year loan

• $1,201.84

• $1,040.96

• $1,195.56

• $1,302.45

      Calculate the monthly payment for a principal amount of $240,000. The rate is

6.7% for a 30- year loan

• $1,548.67

• $1,615.45

• $1,745.56

• $1,448.64

  The principal on a home mortgage was $164,000. The monthly payment was $1120.45 and you paid this amount for 20 years. Calculate the interest paid at the end of the 20 years.

Formula: monthly payment x # of years x 12 - principle

 

 

• $104,908

• $104,145.56

• $105,561.40

• $104,564.45

  The principle on a home loan was $254,650. The monthly payment was $1486.45 and you paid this amount for 20 years. Calculate the interest paid at the end of the 20 years.

Formula: monthly payment x # of years x 12 - principle

 

 

• $102,098

• $105,486.15

• $200,472

• $210,154.46

Scott is moving into a two-bedroom apartment. The monthly rent is $1,540.  He must pay an application fee of $200, a credit report of $50, and 1st and last month’s rent. He also must pay a pet deposit of $200.

Calculate up front move-in expenses:

 

• $2,900

• $3,330

• $1,990

• $3530

Tags

CCSS.4.OA.A.3

Josh is moving into a one-bedroom apartment. The monthly rent is $1015.  He must pay an application fee of $100, a credit report of $40, and first and last month’s rent before moving in.  Calculate his up front move-in expenses.

• $2170

• $2130

• $2058

• $1958

Tags

CCSS.4.OA.A.3