Question

You want to buy a $219,000 home. You plan to pay 10% as a down payment, and take out a 30 year fixed loan for the rest.

Answer 1

see explanation

Explanation:

I assume you need to find the 10% and also the amount per year maybe?

so, you will pay 21,900 dollars upfront

219000-21900=197100

219000*1/10=21900, which is ten percent.

197100=30x, x being money paid per year in this case

divide both sides by 30

6570=x

You will pay 6,570 each year for this house. You can continue to divide to find monthly payments. or quarterly payments. Divide by 12 to find monthly payment and divide by 4 to find quarterly