Lease Security deposit Landlord Tenant Front-end-ratio Back-end-ratio Condominium Co-op Escrow Recurring /Non-recurring costs Vocabulary to Know!!!! Amortization.

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Presentation transcript:

Lease Security deposit Landlord Tenant Front-end-ratio Back-end-ratio Condominium Co-op Escrow Recurring /Non-recurring costs Vocabulary to Know!!!! Amortization table Closing costs Earnest money deposit Attorney fee Origination fee Title search Points Origination points Equity

The length of a room is 25 feet. The floor plan scale is ½ inch = 3 feet. How long is the room on the plan?

Brian owns 5% of his co-op. There are a total of 18,000 shares. How many shares does he own?

Maddie just rented an apartment for $1200 per month. She was told that the rent will increase 3% per year. How much will she pay after 6 years?

Allie just got a $250,000 mortgage with a 4.5% APR. How much of her first month’s payment will go to interest?

When Heather bought her house her annual property taxes were $ This past year they were $ What is the percent increase?

Lily bought a house for $340,000 with a 4.8% APR for 30 years. What will be her total interest paid?