Real Estate Math
A NH buyer puts 20% down on a $425,000 home and finances the balance. What is the loan-to-value ratio?
A80%✓ Correct
B75%
C85%
D20%
Explanation
Down payment = 20% × $425,000 = $85,000. Loan amount = $425,000 − $85,000 = $340,000.
Related New Hampshire Real Estate Math Questions
- A NH seller's home has been on the market for 120 days. Days on market (DOM) is calculated from the date the property was listed in the MLS to the date it received an accepted offer. If listed June 1 and accepted October 28, what is the DOM?
- A NH buyer's monthly PITI payment is $2,150. If the lender uses a 28% front-end ratio, what is the minimum gross monthly income required?
- New Hampshire's real estate transfer tax is $0.75 per $100 of purchase price, paid by each party. For a $350,000 sale, what does each party (buyer and seller) pay?
- A property's assessed value is $180,000 and is assessed at 85% of market value. What is the estimated market value?
- A rectangular parcel measures 220 feet wide and 330 feet deep. How many acres does it contain? (1 acre = 43,560 sq ft)
- A NH property's market value is $480,000. The assessed value is 100% of market. The tax rate is 18 mills. What is the monthly tax escrow payment?
- A NH home's assessed value is $250,000. The town's equalization ratio is 110% (property is over-assessed). What is the estimated market value?
- A property sells for $425,000. The selling agent earns a 3% commission split. What is the selling agent's commission?
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 →