Calculating Monthly Mortgage Payments and Interest

A house costs $350,000. Carlos wants to get a mortgage that has a 3.5% interest rate, and the term is 30 years. What is his monthly payment?

• $1,517.66

• $10,208.66

• $12,201.52

• $1,020.83

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSN.Q.A.1

A house costs $350,000. Carlos wants to get a mortgage that has a 3.5% interest rate, and the term is 30 years. What is his total interest?

• $144,202.40

• $535,797.60

• $215,797.60

• $302,850.20

Tags

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

Alexander wants to buy a $485,000 house that has a 4% interest rate, and the term is 30 years. What is his monthly payment?

• $229.16

• $2,315.46

• $16,166.79

• $17,015.38

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSN.Q.A.1

Alexander wants to buy a $485,000 house that has a 4% interest rate, and the term is 30 years. What is his monthly payment?

• $415,536.20

• $248,563.75

• $312,616.80

• $348,565.60

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

Branden wants to buy a $190,000 house that has a 8.5% interest rate, and the term is 20 years. What is his monthly payment?

• $1,460.94

• $13,458.33

• $1,345.83

• $1,648.86

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.2

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSN.Q.A.1

Branden wants to buy a $190,000 house that has a 8.5% interest rate, and the term is 20 years. What is his total interest?

• $574,589.60

• $376,726.40

• $205,726.40

• $403,589.60

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSN.Q.A.1

Najashi wants to buy a $650,000 house that has a 2.25% interest rate, and the term is 25 years. What is his monthly payment?

• $283.48

• $2,834.85

• $12,233.98

• $2,484.60

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.2

CCSS.HSA.REI.B.3

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSN.Q.A.1

Najashi wants to buy a $650,000 house that has a 2.25% interest rate, and the term is 25 years. What is his total interest?

• $200,455

• $370,546

• $30,364

• $785,455

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSN.Q.A.1

Isabela wants to buy a $399,000 house that has a 4.95% interest rate, and the term is 15 years. What is her monthly payment

• $16,470.15

• $3,073.95

• $3,144.88

• $2,129.74

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.2

CCSS.HSA.REI.B.3

CCSS.HSF.BF.A.1

Isabela wants to buy a $399,000 house that has a 4.95% interest rate, and the term is 15 years. What is her total interest?

• $733,156.80

• $544,464

• $526,178.40

• $167,078.40

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

CCSS.HSF.BF.A.1

CCSS.HSF.LE.A.2

CCSS.HSN.Q.A.1