10.1 - 10.5 Costs of a Home
Mathematics
10th - 12th Grade
CCSS covered
Used 5+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ashlind has found a home she would like to purchase. The seller accepts her offer of $210,900. Ashlind will make a down payment of 15%. What is the amount of her mortgage loan?
Tags
CCSS.6.RP.A.3C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Danielle’s mortgage loan amount is $87,750. She financed her house for 30 years with monthly payments of $725. At the end of 30 years, what will be the total amount of interest charged?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Use Figure 10.1 in your book. Mark purchased a home for $113,400. As a first-time homeowner, the bank only requires a 5% down payment. The rest is financed at 6.5% for 30 years. What is the amount of his monthly payment?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Jade and her sister obtained a 25-year, $120,000 loan for their new home. The interest rate is 7.5% and their monthly payment is $886. How much of the first payment is for interest?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Huron County tax assessor determines that the market value of Zach’s home is $109,000. The rate of assessment in Huron County is 39% of market value. What is the assessed value of Zach’s home?
Tags
CCSS.6.RP.A.3C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The selling price of the home Chuck Hill is buying is $135,000. He must make a 15% down payment. How much will he finance?
Tags
CCSS.6.RP.A.3C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A townhouse's market value is $163,000. Rate of assessment is 36%. Tax rate is 75 mills. What is the annual real estate tax?
Tags
CCSS.6.RP.A.3C
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