Real Estate Math
A Mississippi buyer gets a 95% LTV FHA loan on a $180,000 purchase price. The down payment is:
A$6,300
B$9,000✓ Correct
C$7,000
D$5,400
Explanation
Down payment = 100% − 95% = 5% × $180,000 = $9,000. To solve this, multiply the relevant values: $180,000 at 95%..
Related Mississippi Real Estate Math Questions
- A Mississippi investor paid $250,000 for a property and sold it three years later for $287,500. The total return over three years (not annualized) is:
- A Mississippi property with a NOI of $26,000 sells at a 6.5% cap rate. What is the sale price?
- A Mississippi broker receives a $12,000 commission on a sale. The broker keeps 60% and pays 40% to the selling salesperson. The salesperson earns:
- A Mississippi property has a monthly NOI of $1,500. The annual NOI is:
- A Mississippi property management fee is $375/month for a property that rents for $2,500/month. The management fee as a percentage of rent is:
- A Mississippi homebuyer borrows $195,000 at 6.5% for 30 years. The monthly interest factor is approximately $6.32 per $1,000. The monthly P&I payment is approximately:
- A Mississippi property has an assessed value of $45,000 after a $7,500 homestead exemption was applied. What was the original assessed value before the exemption?
- A Mississippi buyer makes an offer of $215,000 on a property listed for $229,900. The offer represents what percentage of the list price (rounded to nearest whole percent)?
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →