Real Estate Math
A Nevada buyer purchases a home for $390,000 with 10% down. PMI is 0.8% of the original loan amount annually. What is the monthly PMI payment?
A$312
B$234✓ Correct
C$280
D$351
Explanation
Down payment = $390,000 × 0.10 = $39,000.
Related Nevada Real Estate Math Questions
- A Nevada investor paid $180,000 for a lot 5 years ago and just sold it for $240,000. What was the percentage increase in value?
- A home in Clark County sells for $400,000. What is the Nevada Transfer Tax owed?
- A Nevada property sells for $485,000 with a 3% commission to the listing broker. The listing broker splits the commission 50/50 with the buyer's broker. What does the listing salesperson earn if they receive 60% of their broker's share?
- A Nevada agent receives a 2.5% buyer's agent commission on a $525,000 sale. Their broker takes 30%. How much does the agent keep?
- A Nevada agent lists a home and earns a 3% commission on a $520,000 sale. After paying their broker a 25% desk fee, how much does the agent net?
- A Nevada listing agreement calls for a 6% commission. The seller paid $180,000 for the home and made $25,000 in improvements. If the sale price must cover the commission plus the seller's original investment plus improvements, what is the minimum sale price?
- A Las Vegas home is appraised at $460,000. The lender will loan 80% of appraised value or purchase price, whichever is lower. The purchase price is $470,000. What is the maximum loan amount?
- A Nevada agent earns a 3% commission on a $550,000 sale. The agent splits 50/50 with their broker. How much does the agent receive?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →