Buying a House: Down Payments

Front

What is a down payment?

Back

A down payment is an initial payment made when purchasing a house, usually expressed as a percentage of the total cost.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate the down payment amount?

Back

To calculate the down payment amount, multiply the total cost of the house by the down payment percentage.

Tags

CCSS.6.RP.A.3B

Front

If a house costs $258,500 and the down payment is 10%, what is the down payment amount?

Back

$25,850

Tags

CCSS.6.RP.A.3C

Front

What is the down payment for a house costing $110,400 with a 30% down payment requirement?

Back

$33,120

Tags

CCSS.6.RP.A.3C

Front

How much is a 10% down payment on a $304,990 house?

Back

$30,499

Tags

CCSS.6.RP.A.3C

Front

What is the down payment amount for a $164,900 house with a 15% down payment?

Back

$24,735

Tags

CCSS.6.RP.A.3C

Front

What is the total cost of a house if the down payment is 20% and the down payment amount is $40,000?

Back

$200,000

Tags

CCSS.6.RP.A.3C

Front

If Mr. Murat buys a house for $469,000 with a 17% down payment, how much is the down payment?

Back

$79,730

Tags

CCSS.6.RP.A.3C

Front

What is the formula to find the total mortgage amount after a down payment?

Back

Total Mortgage = Total Cost - Down Payment.

Tags

CCSS.6.EE.B.7

Front

What does simple interest mean in the context of a mortgage?

Back

Simple interest is the interest calculated only on the principal amount of the mortgage, not on the interest accrued.

Tags

CCSS.7.RP.A.3