Real Estate Math
A West Virginia property is appraised at $175,000. The buyer obtains an 80% LTV loan. What is the loan amount?
A$140,000✓ Correct
B$145,000
C$150,000
D$135,000
Explanation
Loan amount = $175,000 x 0.80 = $140,000. At 80% LTV, the buyer finances $140,000 and makes a $35,000 down payment (20%).
Related West Virginia Real Estate Math Questions
- A West Virginia seller accepted $248,000 for a property and the total commission paid was 6%. What was the gross commission in dollars?
- A Huntington, WV home has 2,400 square feet of living area. A buyer wants to install new carpet at $3.50 per square foot. What is the total carpet cost?
- A West Virginia seller nets $142,000 after paying a 6% commission. What was the sale price?
- A Charleston, WV duplex rents each unit for $900/month. The owner uses a GRM of 100 to estimate value. The estimated value is:
- A West Virginia landlord rents a 1,200 sq ft commercial space at $15 per sq ft per year. What is the monthly rent?
- A West Virginia property is listed at $250,000. The buyer obtains a loan for 80% of the purchase price. How much is the down payment?
- A West Virginia homebuyer is told their debt-to-income ratio cannot exceed 43%. Their gross monthly income is $5,000. What is the maximum total monthly debt payment allowed?
- A West Virginia office building leases 5,000 square feet at $15 per square foot per year. The annual rent is:
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →