Real Estate MathLoan_and_interest_calculationsEASY
A buyer is purchasing a property for $350,000 with a loan at 80% LTV. How much is the required down payment?
Correct Answer
A) $70,000
Step 1: The buyer must pay the portion not financed. Step 2: Down payment = $350,000 × (1 − 0.80) = $350,000 × 0.20 = $70,000.
Answer Options
A
$70,000B
$280,000C
$35,000D
$315,000Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Real Estate Math Question
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Background Knowledge for Real Estate Math
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Real World Application in Real Estate Math
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Related Topics & Key Terms
Key Terms:
loan_and_interest_calculationsltvdown_paymentfinancing_math
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