What is a down payment?
Buying a House: Down Payments

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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14 questions
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1.
FLASHCARD QUESTION
Front
Back
A down payment is an initial payment made when purchasing a house, usually expressed as a percentage of the total cost.
2.
FLASHCARD QUESTION
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.
3.
FLASHCARD QUESTION
Front
If a house costs $258,500 and the down payment is 10%, what is the down payment amount?
Back
$25,850
4.
FLASHCARD QUESTION
Front
What is the down payment for a house costing $110,400 with a 30% down payment requirement?
Back
$33,120
5.
FLASHCARD QUESTION
Front
How much is a 10% down payment on a $304,990 house?
Back
$30,499
6.
FLASHCARD QUESTION
Front
What is the down payment amount for a $164,900 house with a 15% down payment?
Back
$24,735
7.
FLASHCARD QUESTION
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
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