Real Estate Math
A Utah buyer's FHA loan requires 3.5% down on a $320,000 purchase. How much is the upfront mortgage insurance premium (UFMIP) at 1.75% of the base loan amount?
A$308,800✓ Correct
B$5,600
C$4,200
D$6,100
Explanation
Base loan = $320,000 × (1 − 0.035) = $308,800.
Related Utah Real Estate Math Questions
- A Utah investor's property has a 7% cap rate. If NOI increases by $5,000, how much does the property value increase?
- A property is valued at $520,000 using an 8% cap rate. What is the annual NOI?
- A home was purchased for $320,000 and sold 3 years later for $380,000. What is the percentage gain on the original purchase price?
- A home originally purchased for $280,000 is sold 4 years later for $336,000. What is the percentage increase in value?
- A lot measures 150 feet wide and 200 feet deep. How many square feet is the lot?
- A property manager charges 9% of collected rents. If a property collects $3,200 in rent during a month, what is the management fee?
- A building has a gross leasable area of 12,000 square feet. The owner leases 10,500 square feet. What is the occupancy rate?
- A 12-unit apartment building sold for $1,440,000. Each unit rents for $1,000/month. What is the GRM?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →