8-4: Purchase a Home

How much will be charged in prepaid interest on a $301,250 home with an APR of 3.49% that was closed on January 9 if there was a down payment of 25%?

• $475.10

• $475.20

• $475.30

• $475.40

How much will be charged in prepaid interest on a $229,000 home with an APR of 4.19% that was closed on March 29 if there was a down payment of 20%?

• $42.03

• $42.04

• $42.05

• $42.06

How much will be charged in prepaid interest on a $199,000 home with an APR of 5.13% that was closed on May 21 if there was a down payment of 15%?

• $237.50

• $237.60

• $237.70

• $237.80

How much will be charged in prepaid interest on a $142,050 home with an APR of 2.02% that was closed on June 19 if there was a down payment of 10%?

• $77.88

• $77.89

• $77.90

• $77.91

How much will be charged in prepaid interest on a $92,000 home with an APR of 2.07% that was closed on November 15 if there was a down payment of 5%?

• $79.33

• $79.34

• $79.35

• $79.36

What range of closings costs might you expect for a $182,000 home?

• $3,610 to $12,440

• $3,620 to $12,540

• $3,630 to $12,640

• $3,640 to $12,740

What range of closings costs might you expect for a $201,000 home?

• $4,010 to $14,060

• $4,020 to $14,070

• $4,030 to $14,080

• $4,040 to $14,090

What range of closings costs might you expect for a $104,995 home?

• $2,099.90 to $7,349.55

• $2,099.90 to $7,349.65

• $2,909.90 to $7,349.65

• $2,909.90 to $7,349.55

What range of closings costs might you expect for a $65,250 home?

• $1,035 to $4,567

• $1,035 to $4,567.50

• $1,305 to $4,567

• $1,305 to $4,567.50

What range of closings costs might you expect for a $92,180 home?

• $1,843.50 to $6,542.60

• $1,843.50 to $5,452.60

• $1,843.60 to $6,452.60

• $1,843.60 to $6,452.50