What percentage of the home's price is the loan amount if a 10% down payment is made?

Mortgage Payment Calculations and Concepts

Interactive Video
•
Mathematics, Business
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
95%
90%
85%
80%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much is the down payment on a $222,000 home if 10% is paid upfront?
$21,500
$19,980
$22,200
$20,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the loan amount for a $222,000 home with a 10% down payment?
$198,000
$199,800
$201,000
$200,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the annual interest rate as a decimal for a 6% interest rate?
0.06
0.6
0.006
6.0
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many payments are made per year for a monthly payment schedule?
6
12
52
24
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the monthly payment for a 30-year loan with a 6% interest rate?
$1,197.90
$1,150.00
$1,200.00
$1,250.00
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the new monthly payment if the interest rate increases to 7%?
$1,300.00
$1,350.00
$1,310.00
$1,329.27
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