mortgage amounts
Carlos wants to purchase a house that has a selling price of $184,920. His bank requires a 16% down payment.
What are Carlos’s down payment and mortgage amount?
Down payment = $29,587.20; Mortgage = $155,332.80
The Hernandez family’s closing costs include the following:
Appraisal: $475
Title Insurance: $1,050
Loan Processing Fee: $625
Recording Fee: $210
What are their total closing costs?
$2,360
The Patel family pays $4,200 in total property taxes. The taxes are divided among the following jurisdictions:
County: 35%
City: 25%
School District: 30%
Library: 10%
How much do they pay to the school district?
$1,260
According to his electricity bill, Daniel’s electricity meter had a previous reading of 41,825 kilowatt hours and a current reading of 43,060 kilowatt hours.
His electric company charges $0.082 per kilowatt hour.
What is the amount of Daniel’s electricity bill?
$101.27
Emily wants to purchase a house that has a selling price of $249,600. Her bank requires a 20% down payment.
What are Emily’s down payment and mortgage amount?
A. Down payment = $49,920; Mortgage = $199,680
Olivia is purchasing a home and her closing costs include:
Appraisal: $525
Title Insurance: $1,180
Credit Report Fee: $95
Attorney Fee: $650
What are Olivia’s total closing costs?
$2,450
The Walker family pays $3,800 in total property taxes. The taxes are divided as follows:
County: 40%
City: 20%
School District: 30%
Parks Department: 10%
How much goes to the county?
$1,520
Maria’s electricity meter had a previous reading of 55,410 kilowatt hours and a current reading of 56,900 kilowatt hours.
The rate is $0.075 per kilowatt hour.
What is Maria’s electricity bill?
111.75
Isaac wants to purchase a home that has a selling price of $172,450. His bank requires a 15% down payment.
What are Isaac’s down payment and mortgage amount?
Down payment = $25,867.50; Mortgage = $146,582.50
Marcus and Tia have the following closing costs:
Appraisal: $495
Title Insurance: $1,020
Loan Origination Fee: $775
Recording Fee: $190
What are their total closing costs?
$2,480
The Robinson family pays $5,600 in total property taxes. Their taxes are divided among:
County: 30%
City: 25%
School District: 35%
Library: 10%
How much goes to the city?
$1,400
Ethan’s electricity meter had a previous reading of 72,305 kilowatt hours and a current reading of 73,640 kilowatt hours.
The rate is $0.081 per kilowatt hour.
What is Ethan’s electricity bill?
108.14
The Nguyen family wants to purchase a house that has a selling price of $310,750. Their bank requires a 18% down payment.
What are their down payment and mortgage amount?
Down payment = $55,935; Mortgage = $254,815
Sofia’s electricity meter had a previous reading of 60,180 kilowatt hours and a current reading of 61,515 kilowatt hours.
The electric rate is $0.079 per kilowatt hour.
What is Sofia’s electricity bill?
105.47
Jordan is buying a home that has a selling price of $198,300. The bank requires a 10% down payment.
What are Jordan’s down payment and mortgage amount?
Down payment = $19,830; Mortgage = $178,470