Mathematics, 17.10.2019 17:30 Emorej22
You want to buy a house in 9 years. the estimated cost is $175,800.00. you want to make a 20% down payment and closing costs are 7%. how much in totality
Answers
Answer from: nayi2002
Given:
buy a house in 9 years.
Estimated cost of the house = 175,800
down payment = 20%
closing cost = 7%
down payment:
175,800 x 20% = 35,160
closing cost:
175,800 x 7% = 12,306
Amount to save: 35,160 + 12,306 = 47,466
monthly savings:
9 years x 12 months = 108 months
47,466 / 108 = 439.50 savings per month.
buy a house in 9 years.
Estimated cost of the house = 175,800
down payment = 20%
closing cost = 7%
down payment:
175,800 x 20% = 35,160
closing cost:
175,800 x 7% = 12,306
Amount to save: 35,160 + 12,306 = 47,466
monthly savings:
9 years x 12 months = 108 months
47,466 / 108 = 439.50 savings per month.
Answer from: Quest
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Answer from: Quest
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