Real Estate Math
A NH property sells for $290,000. The buyer puts down 15%. The mortgage origination fee is 1% of the loan amount. What is the origination fee?
A$2,465✓ Correct
B$2,900
C$3,481
D$4,350
Explanation
Loan amount = $290,000 × (1 − 0.15) = $290,000 × 0.85 = $246,500. Origination fee = 1% × $246,500 = $2,465.
Related New Hampshire Real Estate Math Questions
- An investor buys a duplex for $320,000 and rents each unit for $1,200/month. What is the annual gross rent multiplier (GRM)?
- A NH investor purchased a rental property for $350,000 and puts 25% down. The monthly P&I payment on the remaining balance at 6.75% for 30 years is approximately $1,706. What is the annual debt service?
- A property in Keene, NH sells for $242,000. The buyer pays their share of the NH Real Estate Transfer Tax. How much does the buyer owe?
- A NH property had a listing price of $289,000. It sold for $275,500. What is the sale-to-list ratio?
- A Manchester, NH investor purchases a 4-unit apartment building for $520,000. Each unit rents for $1,100/month. What is the Gross Rent Multiplier (GRM)?
- An investor buys a Manchester duplex for $320,000 with 25% down. The monthly mortgage payment is $1,450. The property generates $2,800/month gross rent. What is the monthly cash flow before taxes and maintenance?
- A salesperson earns 60% of the total 5% commission on a $380,000 sale. How much does the salesperson earn?
- An appraiser determines that a property generates $36,000 in NOI annually and applies a 7.5% cap rate. What is the estimated value?
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 →