medium · National Real Estate Exam math
A 320,000 home is purchased with a 20% down payment and the balance financed with a 30-year loan.
If the lender charges 2 discount points, how much will the buyer pay in points at closing?
- 5,120
- 2,560
- 1,280
- 6,400
Sign up free to see the explanation and track your rank →
More National Real Estate Exam math practice
- What is the fee?
- If the lender requires an 80% loan-to-value (LTV) ratio and charges 2 discount points, wha
- If the tenant's gross sales for July were $85,000, what is the total rent due for that mon
- A buyer is charged 2 discount points on a loan of $150,000.… — How much must the buyer pay
- A property has a gross monthly rent of $1,500. If the Gross Rent Multiplier (GRM) for the
- What was the original cost?
- If the seller also pays off a $115,000 mortgage, what are the net proceeds?
- If her annual gross income is $72,000 and she has a 400 monthly car payment and 200 in oth