WorksheetsBuying a House (one)
Total questions: 15
Worksheet time: 33mins
In general, what is good: buying a house or renting a house?
Buying a House
Renting a House
In Albuquerque, the cheapest home to own would be a mobile home, which can be bought for around
$20,000
$150,000
If not a mobile-home, then next option would be an old house. These can range from...
$20,000 to $100,000
$60,000 to 160,000
When buying a house, there are "closing costs" paid before the buyer can move into his new home. If the Lender estimates closing costs as: Title Insurance-$530, Attorney's fees-$600, Appraisal-$265, Inspection-575, Recording fees $130, and Escrow-$800, what is the total closing cost?
$4,545.00
$3,000.10
$2,900.00
$2,990.00
Tomaso and three of his friend are splitting the cost to rent a house for $975 a month. The security deposit is $1,500.00 and there is a cleaning deposit of $325. They must pay first and last month's rent upon moving in. How much will each friend need to pay?
$475.95
$943.75
$943.00
$243.75
Tomaso and three of his friend are splitting the cost to rent a house for $975 a month. The security deposit is $1,500.00 and there is a cleaning deposit of $325. They must pay first and last month's rent upon moving in. How much will Tomaso pay if he also must pay a non-refundable pet-fee of $150 for his cat Camila?
$1,093.75
$943.75
$943.00
$243.75
Len and three of his friends decide to rent a house and split the cost evenly. They each paid $725 towards the total move-in cost of first month's rent, last month's rent and a security deposit. If the rent for one month is $800, how much did each person pay for security deposit?
$325.00
$1,300.00
$575.00
$725.00
Which of the following refers to the cost of determining the condition of the property when buying a home?
layaway
discount
inspection
origination
Chyou has heard that gas appliances are cheaper to use and can lower utility costs. She is interested in purchasing a new gas dryer to replace her electric dryer. The cost to dry one load is 45cents. Assuming that the dryer dries one load per day, how much will it cost her over the course of one year? (assume one year has 365 days)
$365.00
$16.46
$16,425
$164.25
My credit history does not affect my chances for renting my first apartment.
True
False
When renting, the landlord is responsible for property maintenance.
True
False
An application fee is intended to cover the cost of …
a credit and background check
pet deposit
cleaning your apartment
utility bills
When you start off renting a place, most of the time the owner will only require the first month’s rent and no other money.
True
False
What is another word for house payment?
Wages
Net Worth
Mortgage
Book
Renting is a great option for many people.
True
False
