Wednesday
December 17, 2014

Homework Help: Math

Posted by Pat on Saturday, February 25, 2012 at 3:31pm.

The Robinsons decide they would rather purchase the $85,000 home. Their bank requires a 5% down payment to be paid to the seller and a payment of 1 point (1%) of the mortgage at the time of closing.

How much is the down payment?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

MATH - In order to make some home improvements, a home owner spent $24,000. He ...
math - The price of a home is $215,000. The Bank requires 20% down payment and ...
math - Determine the regular payment amount, rounded to the nearest dollar. The ...
Math - The price of a home is $185,000. A down payment of 10% is required with ...
math - Determine the regular payment amount, rounded to the nearest dollar. The ...
math - Determine the regular payment amount, rounded to the nearest dollar. The ...
Fiancial Management - You decide to purchase a building for $30,000, you put $5,...
math - the price of a home is 120000 the bank requires a 10% down payment and 2 ...
Math 104 - Five years ago, you bought a house for $171,000. You had a down ...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...

Search
Members