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WorksheetsAssignment 2: Borrowing for Owing A House
Total questions: 10
Worksheet time: 4mins
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
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
Jen Sue got a $275,000 mortgage for 25 years at 6.0%. How much will the monthly mortgage payment be? (google mortgage calculator to find calculator)
$1,688.50
$1,856.25
$1,650
$1,771
Juan put down 25% on a $190,000. What are the monthly mortgage payments for a 20 year loan at 7.5%? (google mortgage calculator to find calculator)
$47,500
$142,500
$1,148.55
$966.08
Jill purchased a house for $155,000. She paid 15% down. What are her monthly mortgage payments for a 30 year loan at 8.0%? (google mortgage calculator to find calculator)
$967.05
$231,750
$23,250
$1,017.11
The loan a person gets to purchase a house or a condominium is called a __________.
principal loan
interest term loan
P&I loan
mortgage
