Question

what is the down payment on a house that sells for 85,000 with a rate of 20%

Answer 1

Down Payment 20% - $17,000

15 YEAR MORTGAGE- $482
(3.37% FIXED RATE)

30 YEAR MORTGAGE- $331
(4.16% FIXED RATE)

Answer 2

If the house is for $85,000.00, the down payment is 20% of that amount. Therefore 85000×.20=17,000
Down payment is $17,000.00