Closing Costs
Authored by Chris Huppenthal
Mathematics
11th - 12th Grade
CCSS covered
Used 41+ times
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6 questions
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1.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
Mortgage loan of $50,000. What are the total closing costs?
Tags
CCSS.6.RP.A.3B
2.
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5 mins • 1 pt
Mortgage loan of $95,000. What are the total closing costs?
Tags
CCSS.6.RP.A.3D
3.
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5 mins • 1 pt
Mortgage loan of $271,000. What are the total closing costs?
Tags
CCSS.7.RP.A.3
4.
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5 mins • 1 pt
Mortgage loan of $420,000. What are the total closing costs?
Tags
CCSS.7.RP.A.3
5.
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5 mins • 1 pt
Carly has been granted a mortgage loan at an annual interest rate of 5.5 percent for 15 years. The home has a selling price of $175,000 and they need a 20 percent down payment. The bank will allow them to finance the closing costs as part of the mortgage. The total closing costs are 3.5 percent of the mortgage. What is the actual amount financed with the mortgage?
Tags
CCSS.7.RP.A.3
6.
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5 mins • 1 pt
Brenda and Allan are interested in purchasing a $60,000 home. They plan to make a 20 percent down payment and finance the remaining amount through Peabody Savings Association. Peabody Savings has these closing costs: credit report, $80; appraisal report, $255; title insurance, $190; survey and photographs, $325; recording fee, $65; legal fees, $280; and property taxes, $789. If the loan is approved, how much cash will the couple need to secure the loan, including the down payment?
Tags
CCSS.6.RP.A.3C
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