Mortgage Practice
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Mortgage Practice
9th - 12th Grade
•20 Qs
Mortgage Practice
Quiz
•
Mathematics
•
9th - 12th Grade
•
Medium
+13
Standards-aligned
Sally Padula
Used 172+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Joe wants to get a $150,000 mortgage. The monthly payment is $794. How much will he have paid at the end of the loan term, if he gets a 25 year mortgage?
$188,200
$238,200
$150,794
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The normal _______ for a mortgage is up to 30 years
Term
Interest Rate
Loan
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The Lawrence's consider purchasing a new home for $224,000. A 10 percent down payment is required. What is the amount of the mortgage loan needed to finance the purchase?
$20,160.00
$22,400
$201,600
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.A.1
CCSS.HSA.REI.B.3
CCSS.HSN.Q.A.1
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If the cash price of an house is $230,000, and you are asked to make a down payment of 10%, how much will you pay?
$23,000
$2,300
$20,700
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
You want to buy a house that is valued at $215,000. You are putting 15% down. What is the down payment? What is the loan amount?
$15; $214985
$3225; $211,775
$32,250; $182,750
Tags
CCSS.HSA.CED.A.1
CCSS.HSA.REI.B.3
CCSS.HSA.SSE.A.1
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Liz and Rob purchased a house for $565,000. They put 20% down on the house. What was their down payment?
$113,000
$452,000
$11,300
Tags
CCSS.7.RP.A.2
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Marcus and Kenya purchased a house for $325,000. They put 15% down on the house. What is their mortgage amount?
$48,750
$276,250
$32,500
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.1
CCSS.7.NS.A.2
CCSS.7.NS.A.3
CCSS.7.RP.A.3
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