02-03-2017
Mathematics

Answered

what is the down payment on a house that sells for 85,000 with a rate of 20%

Verified Answer :

cbenis163 cbenis163

02-03-2017

Down Payment 20% - $17,000

15 YEAR MORTGAGE- $482
(3.37% FIXED RATE)

30 YEAR MORTGAGE- $331
(4.16% FIXED RATE)

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Sam96817 Sam96817

02-03-2017

If the house is for $85,000.00, the down payment is 20% of that amount. Therefore 85000×.20=17,000
Down payment is $17,000.00

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