Real Estate Math
A Wisconsin homebuyer's annual property taxes are $5,400 and annual insurance is $1,200. How much per month does the lender collect for escrow reserves (PITI split)?
A$450
B$500
C$550✓ Correct
D$600
Explanation
Monthly escrow = ($5,400 + $1,200) / 12 = $6,600 / 12 = $550. Using the values given ($5,400, $1,200), apply the appropriate formula..
Related Wisconsin Real Estate Math Questions
- A Wisconsin buyer's loan payment is $1,425/month. The annual interest rate is 6%. After the first payment, the outstanding balance is $238,800. What was the original loan amount approximately?
- A Wisconsin apartment building has a cap rate of 8.5% and an NOI of $51,000. What is its value?
- A Wisconsin investor pays $560,000 for an apartment building with an annual NOI of $44,800. What is the cap rate?
- A Wisconsin investor sells a property for $425,000 that was purchased for $310,000. After paying 5.5% commission and $8,000 closing costs, what is the profit?
- A Wisconsin duplex sells for $375,000. Both units rent for $1,300/month each. What is the annual GRM (Gross Rent Multiplier)?
- A Wisconsin home sells for $250,000. The transfer tax is $3 per $1,000. What is the transfer tax owed?
- A Wisconsin buyer receives a seller credit of $5,000 at closing on a $280,000 purchase. If they put 20% down and borrow the rest, their actual cash at closing (excluding other costs) is:
- A Wisconsin property owner wants to build a garage that costs $28,000. The appraiser estimates it will add $21,000 in value. This project illustrates the principle of:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →