Question

Carlton Hinkler offered $179,900 for a home that had been priced at $210,500. The seller agreed to the offer. If he made a $36,000

down payment, what is the mortgage loan amount?

Answer 1

9514 1404 393

Answer:

$143,900

Explanation:

The loan will be the difference between the agreed price ($179,900) and the down payment ($36,000).

loan amount = $179,900 -36,000 = $143,900