The assessed value of the Kreiner family's house is $457,000. The annual property tax rate is 2.66% of assessed value. What is the annual property tax on the Kreiner's home?

Tom and Gwen have an adjusted gross income of $144,n 2. Their monthly mortgage payment for the house they want would be$ 1,483. Their annual property taxes would be $9,330, and the homeowner's insurance premium would cost them$1,099 per year. They have a monthly $444 car payment, and their credit card monthly payment averages$4,021. a. Based on the front-end ratio, would the bank lend them $220,000 to purchase the house they want? Explain your answer. b. Based on the back-end ratio, would the bank lend them$220,000 to purchase the house they want? Explain your answer.

The Jacobs family is planning to buy a home. They have some money for a down payment already. They see a home they like and compute that they would need to borrow $213,000 from a bank over a 30-year period. The APR is 3.75%. a. What is the monthly payment, to the nearest cent? b. What is the total of all of the monthly payments over the 30 years? c. What is her total Interest for the 30 years?

The market value of Jennifer and Neil's home is $319,000. The assessed value is$280,000. The annual property tax rate is $19.70 per$1,000 of assessed value. a. What is the property tax on their home? b. How much do they pay monthly toward property taxes? Round to the nearest cent.

The assessed value of the Kreiner family's house is $457,000. The annual property tax rate is 2.66% of assessed value. What is the annual property tax on the Kreiner's home?

Pam and Chris found a home for which they would have to borrow H dollars. If they take out a 25-year loan with monthly payment M, express the interest I in terms of H and M.

The bank requires that the Dotkoms pay their homeowner's insurance, property taxes, and mortgage in one monthly payment to the bank. If their monthly mortgage payment is $1,711.22, their semi-annual property tax bill is$3,239, and their annual homeowner's insurance bill is $980, how much do they pay the bank each month?

The market value of Jennifer and Neil's home is $319,000. The assessed value is$280,000. The annual property tax rate is $19.70 per$1,000 of assessed value. a. What is the property tax on their home? b. How much do they pay monthly toward property taxes? Round to the nearest cent.

Liz and Nick are buying a $725,000 home. They have been approved for a 3.25% APR, 30-year mortgage. They made a 20% down payment and will be closing on March 11. a. What is their interest on the loan for one year? b. What is the daily interest? c. How much should they expect to pay in prepaid interest at the closing?

Find the volume of a rectangular room that measures 13 feet by 15.5 feet, with an 8-foot ceiling.

Determine the cost of the points and the new interest rate for each loan amount and interest rate. Assume each point costs 1% of the loan amount. a. $280,000, original APR 4.18%, 1 point with a 0.2% discount b.$350,000, original APR 2.95%, 2 points with a 0.275% discount per point. c. $600,000, original APR 4.6%, 3 points with a 0.225% discount per point d.$450,000, original APR 3.75%, 1 point with a 0.3% discount e. $2,000,000, original APR 3.55%, 2 points with a 0.235% discount per point.

Find the monthly payment (before the balloon payment) for a 20-year, interest-only balloon mortgage for $275,000 at an APR of 8%. Round to the nearest ten dollars.

If you borrow $220,000 at an APR of 3.5 for 25 years, you will pay$1,101.37 per month. If you borrow the same amount at the same APR for 30 years, you will pay $987.90 per month. How much more interest is paid on the 30-year mortgage? Round to the nearest dollar.

Find the monthly payment (before the balloon payment) for a 25-year, interest-only balloon mortgage for $300,000 at an APR of 3.1 %. Round to the nearest ten dollars.