Web DebtSmart.com
DebtSmart.com
Monday, April 12, 2021   
 
Household Math™: Choosing a Selling Price
by Scott Bilker
Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
 
Printable format
 
FREE subscription to DebtSmart® Email Newsletter and FREE software too!

Test your knowledge by trying to solve these DebtSmart, Household Math problems! After you complete the problem you’ll get the solution and explanation.
 

1. Jack and Jill put their house on the market to sell when 30-year fixed mortgage rates were 8%. They listed their 3-bedroom ranch for $135,000 because they knew that the monthly payment is exactly what most people can afford.

Since that time 30-year mortgage interest rates have fallen to 7%. Jack and Jill know that since mortgage rates have dropped people can afford to pay more for their house with the same monthly payment they would get at the old, higher rate.

How much can Jack and Jill sell their house for now and keep the monthly payment as affordable as it was when they originally put the house up for sale?

$135,405
$138,777
$142,149
$145,521
$148,893
$152,265
$155,637
I don't know!





 

Subscribe FREE and start finding new ways to save money and pay off your debt.

"The DebtSmart Email Newsletter is packed with cutting-edge strategies for solving credit problems. I highly recommend it."--Gerri Detweiler, radio host and author of The Ultimate Credit Handbook




DEBTSMART MEDIA MENTIONS
NBC 10 News:
Money King Secrets
<Photos and Video>
CN8:
Art Fennell Reports
<Photos and Video>
CNN: CNN Newsroom
<Photos and Video>
CNN: American Morning
<Photos and Video>
ABC: Action News
<Photos and Video>
CNN/fn: Your Money
<Photos and Video>
<See all Television Interviews>

Subscribe to the DebtSmart® RSS Feed
     
   Add to Google