3- Mortgage Application Practice Using the table, find the assessed value of the house in this classified ad. Structural Rates per Square Foot Flat Rates 1st floor over basement $3.00 1st floor over slab $2.25 2nd floor $2.25 garage $1.00 dormer $1.00 barn $0.75 deck $0.50 shed $0.70 vinyl-lined pool $0.75 New Listing: Cape-Cod style home w/ 2 baths, 700 sq. ft first flr., upstairs 15 x 26 dormer, 12 x 20 garage, gas heat, frpl, basement. Property 1/2 acre plot w/ 5 × 12 shed and tennis court. $301K land $1,000 per acre 1st bathroom $0 extra full bathroom $100 half bathroom $50 fireplace $125 tennis court $375 spa $125 central air conditioning $200 gas heat $700
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- O SI BI M In ht A vle.phoenix.edu/ultra/grades/assessment/29079282 1/overview/attempt/_29932766_1?courseld%3 292033_1 Question 17 The figure below shows costs for a current home mortgage versus a refinanced home mortgage. Refinancing but results in a lower monthly payment. Which best describes the lines? 14000+ 12000 2 10000 + 8000 6000 4000 + 2000 10 Months acer Total cost ($)Use Table 19-4 to calculate the building, contents, and total property insurance premiums for the policy (in $). Structural Building Value Building Premium Area Contents Contents Total Rating Class Value Premium Premium 4 B $82,000 $ $29,000 Need Help? Read ItS. Area Rating 4 use Table 19-4 and total (in $) ? to Calculate the building, Contents, property insurance premiums for the policy Structual Class Buiding Value Building Premium Contents Value Contents Total $86,000 127,000 Premium Premium
- A ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl-https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal% Use the following amortization chart: Principal (loan) $88,000 Payment per $1,000 $ 5.68 Monthly mortgage payment $ 499.84 Rate of Selling price of home Down interest Years payment $ 5,000 $ 93,000 5.5% 30 What is the total cost of interest? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.) Total cost of interest acerQuestion content area top Part 1 Make an amortization table to show the first two payments for the mortgage. Amount of mortgage Annual interest rate Years in mortgage Monthly payment $405,398 5.25% 35 $2111.08LOan' âmortization sinedule for the First Use pmt-PlE) un todetermine +he reavor payment am 1. 000 Of a home is finnnced with a$130,0 668304ear fiked-rate mortgage a the monthiy payments cnd totalintrest for 20an prepare a Loan' åmortization sineduse for the First e at " B. three montths of the mortgage. 1.hhat is the minthiy payment. (round to nearest cent 'as needed) 2. 2. The total intrest for the Loan is 2 Round to nearestcent as needed. Fill out Loan amortization Schedule for first three months. payment Numberintrest Principal Loan Balance (3.
- Asaper A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F326%5Bdata-uuid-ab153a0624d544c2822 6. Comparing Total Mortgage Payments. Which mortgage would result in higher total payments? Mortgage A: $970 a month for 30 years Mortgage B: $760 a month for 5 years and $1,005 for 25 years 1.1 20 far $120.000 storts ot 4.01The interest of a compound interest investmeut or loan can be computed with the formula 1-A-P. The end amount of a compound interest investment or loan can be computed with the formula A- P(1. The total percentage rate oe total retum of a simple interest investment or loan can be computed with the fonmala Laterest 100 Principal Use these foemulas to evaluate the aonts indicated below Chloe investa 15, 000 at a compound iaterest ate of 8 compounded monthly for 5 yesrs Deteine the total amot she will receive fros her ivestment at e end of 5 years Chloe will eceive a total of S the enl of 5 years Pevin dllars Detarine the istanet she will reoeive fe le vestnt athe end of5 years Choe will receiveS at he ted of 5 y Pview dllan D l p ag e ba tla nle otahe ond of5 years Cloes eet wil o tal Satentltiveo be inal ame the cnd of S your
- Housing QuiIz 01 - 10 11 20 21 -30 31 32 Question 33 Lenders can start proceedings if a homeowner does not make his mortgage payments. Your answer: D lawsuit O foreclosure damages O clown Clear answer Back NextFile Edit View History Bookmarks Window Help 2 DZL Understanding Loans and Simple Interest - 21516 MAT142 Topics In Coll... W DERIVITA Tiana Klughart a) What is the principal of her mortgage? Principal $ Donna wants to buy a house for $900,000.00. She makes a 15% down payment and borrows the rest by getting a 30-year mortgage. Her monthly mortgage payment is $3,803.75. b) What is the total she will pay on the loan? Total $ c) How much interest will she pay over the life of her loan? Total interest $ CHECK ANSWER C #3 E C a d2l.pima.edu D2L 5.2 Understanding Loans and Simple Interest - 21516 MAT142 Topics... $ 4 R 45 % T () > 6 3 MacBook Pro Y & 7 U 8 Question 4 of 15 A DZL Chapter 5.2 - 21516 MAT142 1 9 www BACK Help Question 1 10 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 11 Question 12 Question 13 Question 14 Question 15 Question 10 1 Summary 0 NE 0 10 10 1 1 1Check Progress QUESTION FINANCING AND SETTLEMENT » FINANCING LEGISLATION 32 c When a buyer goes in to apply for a loan on a new first mortgage, what must the lender give to the buyer? Glossary Terms Mortgage, ANSWERS EXPLANATION A > The broker's commission amount B > An estimate of the buyer's closing costs C> An estimate of the seller's closing costs D> A three day right of rescission document on the buyer's loan CONN ESTW ITL CI SCEPTR