jason is closing on a $430,000 home. he made a 10% down payment and is borrowing the rest. closing costs are 3.5 percent of the mortgage.

a. what is the down payment?

b. what is the amount of the mortgage?

c. what are the closing costs?

d. what is the total amount of the mortgage if they finance the closing costs with the mortgage

Answers

Answer 1

The total Amount of the mortgage is $400,545 if the closing costs are financed with the mortgage.

a) The down payment of Jason is 10% of $430,000 =$43,000b) The amount of the mortgage is the difference between the home value and the down payment.

Mathematically, $430,000 - $43,000 = $387,000.c) The closing costs are 3.5% of the mortgage. So, 3.5% of $387,000 is: 0.035 × $387,000 = $13,545.

Hence, the closing costs are $13,545. d) The total amount of the mortgage if they finance the closing costs with the mortgage is the sum of the amount of mortgage and the closing cost.

So, the total amount of the mortgage is: $387,000 + $13,545 = $400,545.Solution:a) Jason's down payment is 10% of the cost of the house, which is given as $430,000.

To calculate the down payment, multiply the cost of the house by 10%.Down payment = $430,000 x 10% = $43,000

Therefore, Jason's down payment is $43,000.b)

The amount of the mortgage is the difference between the total cost of the house and the down payment. The cost of the house is given as $430,000.

Thus, we have:Mortgage amount = Total cost - Down paymentMortgage amount = $430,000 - $43,000Mortgage amount = $387,000

Therefore, the amount of the mortgage is $387,000.c) The closing costs are 3.5% of the mortgage.

Using the mortgage amount calculated in part b), we can compute the closing costs as follows:Closing costs = 3.5% x Mortgage amountClosing costs = 3.5% x $387,000

Closing costs = $13,545

Therefore, the closing costs are $13,545.

d) If the closing costs are financed with the mortgage, we simply need to add the closing costs to the mortgage amount calculated in part b):Total amount of the mortgage = Mortgage amount + Closing costsTotal amount of the mortgage = $387,000 + $13,545

Total amount of the mortgage = $400,545

Therefore, the total amount of the mortgage is $400,545 if the closing costs are financed with the mortgage.

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Related Questions

Type the correct answer in each box. Use numerals instead of words. If necessary, useType the correct answer in each box. Use numerals instead of words. If necessary, use / for the fraction bar(s). Jane arranges m chairs in each of n rows to seat x people. The formula to find the number of chairs in each row is m = . If 60 people attend the meeting and each row has 4 chairs, there are rows. / for the fraction bar(s). Jane arranges m chairs in each of n rows to seat x people. The formula to find the number of chairs in each row is m = . If 60 people attend the meeting and each row has 4 chairs, there are rows.

Answers

Answer:

m = x / n

n = 15

Step-by-step explanation:

Number of chairs per row = m

Number of rows = n

Number of people = x

Number of chairs per row, m = number of people, x / Number of rows, n

m = x / n

If number of attendees, x = 60 ;

Number of chairs per row, m = 4

The number of rows, n = number of attendees / number of chairs per row, m

Hence, n = 60 / 4 = 15 rows

12.
Find whether p = 2 and p=3 are solutions for the equation
7 (p+2)=5 (p+4) ? Justify?​

Answers

Answer:

Step-by-step explanation:

Answer:

Step-by-step explanation:

7(p+2)=5(p+4)

By distributive law

The eqn becomes :

7p + 14 = 5p + 20

collecting like terms ;

7p - 5p = 20 - 14

=> 2p = 6 and

:- P = 3 ( dividing both sides by 2)

P= 3 is the only solution to the equation above and it satisfies the equation.

What is the volume of a cylinder that has the following measurements? area of each base: 50.24 ft2 area of lateral surface: 75.36 ft2 height of cylinder: 3 ft 128.6 ft 3 226.08 ft 3 150.72 ft 3 175.84 ft 3

100 points bad answers will get banned and reported

Answers

Answer:

150.72 ft³

Step-by-step explanation:

Given:

Area of the base :

B = 50.24 ft²

Height of cylinder:

h = 3 ft

The volume is:

V =  BhV = 50.24*3 = 150.72 ft³

Answer:

150. 72 ft³.#CarryOnLearning

LCM of 4, 6, 10, and 12

Answers

Answer:

360 is the LCM of 4,6,10 and 12

The school that Shawna goes to is selling tickets to a spring musical. On the first day of ticke sales the school sold 7 adult tickets and 7 student tickets for a total of $91. The school took ir $170 on the second day by selling 14 adult tickets and 12 student tickets. Find the price of an adult ticket and the price of a student ticket.​

Answers

Answer:

x = price of adult tickets = $7

y = price of students tickets = $6

Step-by-step explanation:

Let

x = price of adult tickets

y = price of students tickets

7x + 7y = 91 (1)

14x + 12y = 170 (2)

Multiply (1) by 2 to

14x + 14y = 182 (3)

14x + 12y = 170 (2)

Subtract (2) from (3) to eliminate x

14y - 12y = 182 - 170

2y = 12

y = 12/2

y = 6

Substitute y = 6 into (1)

7x + 7y = 91 (1)

7x + 7(6) = 91

7x + 42 = 91

7x = 91 - 42

7x = 49

x = 49/7

x = 7

x = price of adult tickets = $7

y = price of students tickets = $6

2 * blank equals 6.5​

Answers

Answer:

3.25 or 3 and 1/4

Step-by-step explanation:

The algebraic equation is 2x = 6.5.

Divide by 2 to get your answer.

6.5 divided by two is 3.25.

x = 3.25

Answer:

3.25

Step-by-step explanation:

just take away the 25 and multiply it that way

Plz give me brainllest

The following are the last 10 run scores Colin got in cricket:
18, 9, 7, 35, 30, 21, 33, 12, 30, 31
a) Work out Colin's mean score.
b) Colin plays cricket again on Sunday. He gets 27 runs.
What is his new mean score?
Give your answers as decimals.

Answers

Answer:

a) 22.6

b) 23

Step-by-step explanation:

a)

Step 1: 18 + 9 + 7 + 35 + 30 + 21 + 33 + 12 + 30 + 31 = 226

Step 2: 226/10 = 22.6

b)

Step 1: 226+27 = 253

Step 2: 253/11 = 23

pls help!!?!?!?!?!?!!?!?!?

Answers

Answer:

The first step is to subtract 4 to both sides. Next we must multiply both sides by 2. The answer is - 20

1. Find the area of the parallelogram.

What is the area?

Answers

67.5in is the answer

Answer:

67.5[tex]in^{2}[/tex]

Step-by-step explanation:

Area of a parallelogram is base x height

The base of the given parallelogram is 9 inches and the height is 7.5 inches

So, its area would be

9 x 7.5

Area equals [tex]67.5^{2}[/tex]

Rosa earned a total of $34 by selling 17 cups of lemonade. How many cups of lemonade does Rosa need to sell in all to earn $46? Assume the relationship is directly proportional.

Answers

Answer:

23

Step-by-step explanation:

Because 2 dollar each cup. so 2 times 23 is $46. 5 star if this help thanks:)

Please help me with this question it contains angles and measurements

Answers

Answer:

m∠ONP = 43*

m∠LNO = 137*

m∠MNP = 137*

Step-by-step explanation:

Each line segment is a straight line meaning they are each worth 180°, so if you take 43° from 180° you're eft with 137° which is what ∠LNO and ∠MNP are equal to. ∠ONP is 43° since it is a vertical angle to ∠MNL which is also 43°.

See photo hope it helps

I need help no links 20 points​

Answers

t x 1/8 = n 1/8 = 0.125 in decimal form!!

Answer:

t x 1/8 = n 1/8 = 0.125 in decimal form!!

Step-by-step explanation:

Which is the number name for 32.611? thirty-two and ciy bundrom​

Answers

Answer:

Winnipeg.

Step-by-step explanation:

Find the output y when the input x is -4
y=?


PLZ HELP

Answers

Sorry you did not attach an equation or write one down so I cannot help. Please put in the comments the equation if you still need help.

(2N/6N+4) (3N+2/3N-2

Answers

The final answer is N/3N-2.
Do you need all the process?

(Find the distance between the points A(4, 3) and B(7,-1).​

Answers

The answer to this problem is 5.

help please its timed

Answers

Answer:

immune system

Step-by-step explanation:

Ohvjchvfuufufifficcujckbbokvivcj

While on an 8.0 h trip, a car traveled for 3.5 h at an average speed of 90 km/h before stopping for 1.0 h. The car then traveled for 2.0 h at an average speed of 80.0 km/h For the last 1.5 h, the car traveled at an average speed of only 70.0 km/h. What was the average speed of the car for the entire 8.0 h trip?

Answers

Answer:

72.5 km/h

Step-by-step explanation:

Multiply the km/h by how many hours your going at that speed/total number of hours on trip.

(90x(3.5/8))+(80x(2/8))+(70x(1.5/8))

39.375+20.5+13.125

72.5km/h

2k multiplied by k equals??????

Answers

Answer:

3.81238067 × 10-46 m4 kg2 s-4 K-2

Step-by-step explanation:

Find the area of the circle.
50.24 in?
803.84 in?
d= 8 in.
25.12 in?
12.56 in?
200.96 in?

Answers

Answer:

The answer is 50.24

Step-by-step explanation:

Equation is: 3.14 times 4²

Radius is 1/2 the diameter

Jada earns $7 per hour mowing her neighbors’ lawns. Identify the independent variable in this situation, and write the letter that you would like to use to represent it.
And Identify the dependent variable and write the letter that you would like to use to represent it.

Answers

The independent variable would be how many lawns I mow
You could use any letter to represent it but I would use l for lawn

The dependent variable would be the amount I earn, $7,
Again you could use any letter to represent it but I would use d for dollar

Analia is a school district manager. Here are some details about two schools in her district for the last school year:
School A School B
Number of students 300030003000 400040004000
Number of teachers 190190190 380380380
Graduation rate 86\%86%86, percent 90\%90%90, percent
Budget per student \$10{,}500$10,500dollar sign, 10, comma, 500 \$10{,}000$10,000dollar sign, 10, comma, 000
% of students in sports club 62\%62%62, percent 68\%68%68, percent
Number of sports medals won 999 777
SAT average 120012001200 105010501050
SAT range (max-min) 900900900 700700700
Analia wants to know which school has the lower SAT range relative to the resources invested per student (lower, as SAT range is a measure of inequality, which we want to minimize as much as possible).
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Answers

SAT average divided by budget per student and
SAT average divided by teachers per student
Question 2:
Yes. According to both definitions, school A has the higher SAT average relative to the resources invested per student.

Which of the following is a true statement about perpendicular lines?
A.
Perpendicular lines intersect to form a 45° angle.
B.
Perpendicular lines intersect at exactly one point.
C.
Perpendicular lines can also be parallel lines.
D.
Perpendicular lines intersect in at least two points.

Answers

B

“This is true because the slopes of the two lines are opposite-reciprocals of each other. ... “

Answer:

B.

Step-by-step explanation:

Perpendicular lines intersect at exactly one point.

(perpendicular lines form an x with right angles)

y=2x+3 y=4x+7 solve by elimination

Answers

Answer:

[tex]\displaystyle [-2, -1][/tex]

Step-by-step explanation:

To use the Elimination method, you must get rid of one pair of variables, so that one side is set to zero. So, in this case, we must get rid of [tex]\displaystyle x,[/tex]therefore we will split the second equation in negative half :

[tex]\displaystyle \left \{ {{y = 2x + 3} \atop {-\frac{1}{2}[y = 4x + 7]}} \right. \\ \\ \\ \left \{ {{y = 2x + 3} \atop {-\frac{1}{2}y = -2x - 3\frac{1}{2}}} \right. \\ \\ \frac{1}{2}y = -\frac{1}{2}; -1 = y, -2 = x \\ \\ \\ \boxed{[-2, -1]}[/tex]

I am joyous to assist you at any time.

8.88 = 4.44(x-7)

Solve for x

Show or explain your method

Answers

Answer:

x=9

Step-by-step explanation:

8.88=4.44x-31.088.88-4.44x=-31.08-4.44x=-31.08-8.88-4.44x=-39.96x=9(we divided both rquations by -4.44)

i will need the answer for this

Answers

Answer:

Hello! r would equal 0.4. To do this, first subtract 4 from both sides. So (10r+4-4=8-4). You are then left with 10r=4. So then you divide both sides by 10. 10r/10=4/10. So you are left with 0.4. r=0.4

Step-by-step explanation:

(135). I buy 7 CDs costing £5.99. How much change do I get from £50?

Answers

Answer:

8.07, excluding taxes.

Step-by-step explanation:

7x5.99 = 41.93

50-41.93 = 8.07

5.99 x 7 = 41.93
41.93 - 50 = 8.07
Answer = £8.07

The school that Shawna goes to is selling tickets to a spring musical. On the first day of ticke sales the school sold 7 adult tickets and 7 student tickets for a total of $91. The school took ir $170 on the second day by selling 14 adult tickets and 12 student tickets. Find the price of an adult ticket and the price of a student ticket.​

Answers

Answer:

price of an adult ticket = a = $7

price of a student ticket = s = $6

Step-by-step explanation:

price of an adult ticket = a

price of a student ticket = s

7a + 7s = 91 (1)

14a + 12s = 170 (2)

Multiply (1) by 2

7a + 7s = 91 (1) × 2

14a + 14s = 182 (3)

14a + 12s = 170 (2)

Subtract (2) from (3) to eliminate x

14s - 12s = 182 - 170

2s = 12

s = 12/2

s = 6

Substitute s = 6 into (1)

7a + 7s = 91 (1)

7a + 7(6) = 91

7a + 42 = 91

7a = 91 - 42

7a = 49

a = 49/7

a = 7

price of an adult ticket = a = $7

price of a student ticket = s = $6

A teacher is interested in students' opinions about an upcoming school dance. Which of the following techniques
uses systematic random sampling?
Survey the first 10 students who arrive.
Survey every 10th classroom as the teacher walks down the hallway.
Survey the 10th student arriving at school (with the number 10 being randomly chosen), then survey every 12th
student after that
O Survey the 10th student arriving at school (with the number 10 being randomly chosen), then survey every other
boy and every other girl after that.

Answers

Answer:

think its c but not sure

Step-by-step explanation:

 because it repeats its self to get i sample

Answer and Step-by-step explanation: yes it's C i got it right so did the person above me

Find the value of x.

Answers

Answer: x=133

Step-by-step explanation:

This is a hexagon that has a total of 720 degrees (which you can get by the formula of degrees = (# of sides – 2) * 180).

You first add up all your side:

150+130+97+120+90 +x = 587 + x

587+x = 720

x=133

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