document.write( "Question 889693: You held a fund-raiser and acquired $2,500 for a down-payment on a house that costs $134,500. Now you need to secure a mortgage for the balance due. How would you determine the amount of the balance due? \n" ); document.write( "
Algebra.Com's Answer #538358 by JulietG(1812)![]() ![]() You can put this solution on YOUR website! The cost of the house is $134,500. If you put a down-payment of $2,500 on it, you would owe $134,500 - $2,500, or $132,000. \n" ); document.write( "That's pretty unrealistic. A HomePath mortgage (government-sponsored) requires 5% down, and most places you'll need at LEAST 10%. \n" ); document.write( " |