Real Estate Math
An Oregon home appraised at $450,000 has an LTV of 80%. What is the loan amount?
A$360,000✓ Correct
B$90,000
C$450,000
D$400,000
Explanation
Loan amount = Appraised Value × LTV = $450,000 × 0.80 = $360,000. To solve this, multiply the relevant values: $450,000 at 80%.. The correct answer is $360,000.. This is a common calculation on the Oregon real estate exam.
Related Oregon Real Estate Math Questions
- A home was purchased for $380,000 five years ago. It has appreciated at an average annual rate of 4%. What is the approximate current value?
- A property in Oregon has a market value of $480,000 and is assessed at 90% of market value. The tax rate is $12.50 per $1,000 of assessed value. What is the annual property tax?
- A property owner earns $2,800 per month in rent. The annual property taxes are $4,200, insurance is $900, and maintenance averages $2,100 annually. What is the annual NOI?
- A seller lists a property for $489,000. After negotiation, the price is reduced by 3%. What is the final sale price?
- An Oregon property's assessed value is $260,000. The applicable tax rate is $18.50 per $1,000. If the taxes are paid in two equal installments, what is each installment?
- An Oregon home sells for $398,000. The county records show a Real Market Value (RMV) of $398,000 and a Maximum Assessed Value (MAV) of $285,000. The tax rate is $15/$1,000. What is the annual property tax?
- A Bend property sold for $425,000. The county assessor's real market value (RMV) is $410,000 and the maximum assessed value (MAV) is $280,000. Under Oregon's Measure 50 tax system, property taxes are based on:
- An Oregon property has an annual gross rent of $36,000 and sells for $520,000. What is the Gross Income Multiplier (GIM)?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →