Real Estate Math
A NH buyer puts down $52,500 on a property with an 87.5% LTV. What was the purchase price?
A$52,500✓ Correct
B$420,000
C$385,000
D$450,000
Explanation
LTV = 87.5%, so the down payment = 12.
Related New Hampshire Real Estate Math Questions
- A property is assessed at $240,000 at a rate of 90% of market value. The property tax rate is $18 per $1,000 of assessed value. What are the annual taxes?
- A buyer wants to make an offer that gives the seller a net of $265,000 after paying a 5% commission. What should the offer price be?
- An investor purchases a $500,000 commercial property with a 25% down payment. The lender requires a loan-to-value ratio no greater than 75%. How large is the mortgage?
- A NH property's tax bill is $7,200/year. The assessment is 100% of market value. The mill rate is 16 mills. What is the assessed (market) value?
- A NH buyer is offered two loan options: Option A — $280,000 at 7%, 30-year fixed. Option B — $280,000 at 6.5%, 30-year fixed with 2 points. One point = $2,800. How much extra upfront do they pay for Option B?
- 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 NH investor puts 20% down on a $550,000 apartment building. What is the equity at purchase?
- A rectangular lot measures 150 feet by 200 feet. What is the lot size in acres? (1 acre = 43,560 sq ft)
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 →