Real Estate Math
A home in Idaho sells for $425,000. The buyer obtains a conventional loan with a 20% down payment. What is the loan amount?
A$320,000
B$340,000✓ Correct
C$355,000
D$380,000
Explanation
Down payment = $425,000 × 20% = $85,000. Loan amount = $425,000 − $85,000 = $340,000.
Related Idaho Real Estate Math Questions
- An Idaho home is listed at $525,000 and sells for 96% of list price. The 6% commission is based on the sale price. What is the total commission paid?
- A real estate agent earns $15,600 in commission representing 60% of the total commission paid on a sale. The commission rate is 6%. What was the sale price?
- A property was purchased for $300,000 and sold 5 years later for $400,000. What is the total percentage increase in value?
- An Idaho property has a market value of $550,000. The assessment ratio is 100% and the mill rate is 14 mills. What is the annual property tax?
- A property generates annual NOI of $45,000. The investor requires a 9% return. What is the maximum price the investor should pay?
- An investment property was purchased for $400,000 and generates $36,000 per year in net operating income. What is the capitalization rate?
- A mortgage has a remaining balance of $150,000 at 6% annual interest. The monthly payment is $1,100. How much of the first payment goes toward principal?
- An Idaho rental property has an annual NOI of $32,400 and is purchased for $405,000. What is the cap rate?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →