Real Estate Math
A property's purchase price is $315,000. The buyer makes a 20% down payment. The lender charges 1.5 points. How much are the points in dollars?
A$3,465
B$3,780✓ Correct
C$4,724
D$4,725
Explanation
Loan amount = $315,000 × 80% = $252,000. Points = 1.
Related Idaho Real Estate Math Questions
- A property has a loan balance of $315,000. If the lender requires a minimum LTV of 80%, what is the minimum property value needed?
- A property sold for $525,000. The buyer's agent receives 3% of the sale price, and the buyer's agent's broker takes 30% of that. How much does the buyer's agent personally keep?
- 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 home sells for $375,000. The buyer pays 5% down. What is the loan amount?
- An investor purchases a duplex for $350,000. Each unit rents for $1,400/month. Annual operating expenses are $12,000. What is the annual NOI?
- A mortgage has a balance of $180,000 at 6.5% annual interest. What is the monthly interest portion of the next payment?
- A property has a gross monthly rent of $2,400. Using a gross rent multiplier (GRM) of 120, what is the estimated property value?
- An investment property was purchased for $400,000 and generates $36,000 per year in net operating income. What is the capitalization rate?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →