- Question 32 1 Pts A House Is Sold With An Assumable 156 000 Below Market Loan At 8 5 For A Remaining Term Of 15 Years 1 (22.28 KiB) Viewed 35 times
Question 32 1 pts A house is sold with an assumable $156,000 below market loan at 8.5% for a remaining term of 15 years.
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Question 32 1 pts A house is sold with an assumable $156,000 below market loan at 8.5% for a remaining term of 15 years.
Question 32 1 pts A house is sold with an assumable $156,000 below market loan at 8.5% for a remaining term of 15 years. Current rates are 9.75% for 15 year mortgages the house sold for $240,000 with the loan being assumed, what is the cash-equivalent value of the house? (That is, how much should the sales price be the loan cannot be assumed) O 202,339 193,258 $229,010 O $218,538
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!