SOLUTION: You buy a $254,000 home with a down payment of 25%. Find the amount of the down payment and the mortgage amount. down payment $ mortgage $

SOLUTION: You buy a $254,000 home with a down payment of 25%. Find the amount of the down payment and the mortgage amount. down payment $ mortgage $

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Question 1134164: You buy a $254,000 home with a down payment of 25%. Find the amount of the down payment and the mortgage amount.
down payment $
mortgage $
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
the down payment is (1/4)*$254,000=$63,500 and the mortgage the remainder or $190,500
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