Real Estate Math
A buyer puts 20% down on a $310,000 home. What is the loan amount?
A$248,000✓ Correct
B$258,000
C$261,000
D$279,000
Explanation
Down payment = $310,000 × 0.20 = $62,000.
Related New Hampshire Real Estate Math Questions
- A NH buyer takes an FHA loan. The purchase price is $280,000. The upfront MIP is 1.75%. What is the upfront MIP amount?
- A Concord home's assessed value is $295,000 and the equalization ratio is 95%. What is the estimated market value?
- A New Hampshire home sold for $420,000. The total Real Estate Transfer Tax paid was:
- A borrower takes out a $280,000 mortgage at 6.5% annual interest. What is the first month's interest payment?
- A NH home has a gross potential income of $24,000/year, a 5% vacancy rate, and operating expenses of $8,000. What is the NOI?
- An appraiser determines that a property generates $36,000 in NOI annually and applies a 7.5% cap rate. What is the estimated value?
- An investor buys a NH rental property for $180,000. Annual NOI is $14,400. What is the cap rate?
- A NH condominium association charges monthly fees of $325. Annually, how much does a unit owner pay in assessments?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →