Question

How much is the down payment on a home

priced at $175,000 if the lender requires that
you put 10% down?

Answer 1

The down payment on a home priced at $175,000 with a 10% requirement is $17,500.

Step-by-step explanation:

To find the down payment, we need to determine 10% of the home price, which is $175,000. We can calculate it by multiplying the price by 10% (or 0.10). $175,000 × 0.10 = $17,500. Therefore, the down payment on a home priced at $175,000 if the lender requires a 10% down payment is $17,500.

Learn more about Calculating down payment