
posted by Reiny
Respond to this Question
Similar Questions

Math
The price of a small cabin is $45,000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20year fixed at 6.56.5% or 30year fixed at 6.56.5%. Calculate the 
math118
The price of a home is $102,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30year fixedrate mortgage at 9.5% Find the required down payment. 
math
The price of a home is $215,000. The Bank requires 20% down payment and three points at the time of closing. The cost of the home is financed with a 30year fixedrate mortgage at 7%. Find down paymen 
Math
The price of a home is $320,000. The bank requires an 8% down payment and three points at the time of closing. The cost of the home is financed with a 30year fixed rate at 6%. Find the amount that must be paid for the three 
math
The price of a home is $120,000. The bank requires a 10% down payment and two points of closing. The cost of the home is financed with 30year fixedrate mortgage at 8.5%. Find the total cost of interest over 30 years. 
Math
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? 
Math
A university is trying to determine what price to charge for tickets to football games. At a price of $30 per ticket, attendance averages 40,000 people per game. Every decrease of $5 adds 10,000 people to the 
math
Question: The price of a home is $180,000. The bank requires a 10% down payment. After the down payment, the balance is financed with a 30 year fixed mortgage at 6.3%. Determine the unpaid balance after ten years. Answer: The 
math
the price of a home is 120000 the bank requires a 10% down payment and 2 points at the time of closing the cost of the home is financed with a 30 year 8.5% how much must be paid for the 2 points at closing and how do I figure that 
math
Determine the regular payment amount, rounded to the nearest dollar. The price of a home is $160,000. the bank requires a 15% down payment. The buyer is offered two mortgage options: 1 year fixed at 8% or 30year fixed at 8%.