Chapter 4

Financing math

Down payments, points, interest and qualifying

An explorable chapter on real estate exam financing math: loan amount and LTV, discount points and break-even, the first month's interest, and the 28/36 qualifying ratios.

1. 4.1
   Down payment and loan amountThe price less the down payment
2. 4.2
   Discount pointsOne point is one percent of the loan
3. 4.3
   Interest and the first paymentAnnual interest, then divide by 12
4. 4.4
   Qualifying ratiosHousing, then everything
5. 4.5
   One house, financed course by courseThe whole chapter, worked on a new purchase

1 interactive 3D scene · 4 slider tasks · 3 practice sets · 14 questions