consumer math help, 10 points for best answer?
by Mortgage Rates on Saturday, October 23rd, 2010 | 2 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
hellllllllllll yes i would give points on this too, 5 bank questions is a lot of work, you have to offer more than that, e.g. dinner at red lobster…etc…
1. Plan to spend about 1/3 of your income on housing, or $15,000. This includes principal, interest, taxes, and any improvements you might make.
2. Sorry.
3. Add $505.50 + $1,575 = $2,080.50
4. $78,500 * 0.8 = $62,800
5. 3.25 mills = $0.00325, which is the amount that must be paid per dollar of (assessed) value. Multiply 42,500 * 0.00325 = $138.125; make it $138.13