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Taxes and Stuff
100

The amount you pay as a down payment, if you put 20% down on a $156,000 house. 


$31,200

100

The move-in cost you pay for an $850, 2- bedroom apartment prior to moving into an apartment when your landlord requires, a $50 credit report, $100 security deposit, $150 pet deposit, 1st and last month's rent

$2,000

100

The monthly payment you will pay on home that costs $230,700 house with an interest rate of 4.6%, on a 25-year loan. 

$1295.44

100

The monthly income you need to make in order to rent a $800 one-bedroom apartment, if you budget 26% of your income for rent

$3,076.92

100

You have a mortgage payment with Huntington Bank. The bank requires that you pay your homeowner’s insurance, property taxes, and mortgage in one monthly payment to the bank. Your monthly mortgage is $980, your semi-annual property tax bill is $1000, and your annual homeowner’s insurance is $750. How much is your monthly payment to Huntington Bank?

**1st: Turn each amount into a monthly amount, then add payments up.

Monthly mortgage payment__________

Monthly property tax bill _______ ÷ 6 = ________

Monthly homeowner’s insurance _____÷  12  = ____

Add together: ____________ + ___________ + _____________ = ___________

$1,209.17

200

The amount you finance, after putting 20% down on a $405,000 house

$324,000

200

The move-in cost you pay for an $1,550, 3- bedroom apartment when your landlord requires, a $50 credit report, security deposit equal to one month's rent, and $100 pet deposit. 

$1,700

200

The monthly payment you will pay on home that costs $85,500 house with an interest rate of 3.3%, on a 20-year loan.

$487.12

200

The monthly income you need to make in order to rent a $1,200 one-bedroom apartment, if you budget 28% of your income for rent

$4,285.71

200

You have a mortgage payment with First National Bank. The bank requires that you pay your homeowner’s insurance, property taxes, and mortgage in one monthly payment to the bank. Your monthly mortgage is $1,300, your semi-annual property tax bill is $1,090, and your annual homeowner’s insurance is $850. How much is your monthly payment to First National Bank?


$1,552.50

300

The amount you finance after you put 20% down on a $238,000 house

$190,400

300

The price you pay per hour for each:  packing/unpacking, loading/unloading to a moving company. 

6x+4y=560

5x+2y= 400

Loading/unloading  x= $__________           Packing/unpacking: y = $_________






x=$60

y= $50

300

The amount of interest you pay on a $189,000 house, if you make a monthly mortgage payment of $1,050 on a 30 year loan.  

$189,000

300

The amount you can afford for an apartment, if you make $76,000 a year and budget 28% of your income to go towards monthly rent. 

Round to the nearest dollar

$1773

300

The assessed value of your home is $178,000. The annual property tax rate is 2.5% of assessed value. What is the property tax? 

Formula: Assessed Value × Tax Rate as a Decimal = Property Tax

_____________x ___________=____________

$4450

400

The amount you pay as a down payment, if you put 20% down on a $356,000 house

$71,200

400

The rate per hour for loading/unloading and packing /unpacking.

 2x + 4y = 420

 6x + 5y = 700

x = loading/unloading _______

y = packing/unpacking)

x= 50

y= 80

400

The amount of interest you pay on a $ 259,000 house, if you make a monthly mortgage payment of $1,550 on a 25- year loan.  

$206,000

400

The amount you can afford for an apartment, if you make $45,000 a year and budget 26% of your income to go towards monthly rent. 

Round to the nearest dollar

$975

400

The assessed value of your home is $88,500. The annual property tax rate is 3.2% of assessed value. What is the property tax?

$2,832

500

The amount you finance after you put 20% down on a $107,500 house

$86,000

500

The move-in cost you pay for an $1,450, 3- bedroom apartment prior to moving into an apartment when your landlord requires, a security deposit equal to one month's rent, 1st and last month's rent, and a pet deposit of  $100.

$4,450

500

The total amount of payments on a 30-year loan with a monthly payment of $990

$356,400

500

The amount you can afford for an apartment, if you make $85,550 a year and budget 26% of your income to go towards monthly rent. 

Round to the nearest dollar

$1,854

500

The assessed value of your home is $340,500. The annual property tax rate is 2.5% of assessed value. What is the property tax?

$8,512.50