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Economics - Financial Markets 7 Online
OpenStudy (anonymous):

how do you calculate the cost of the home? what components do you need to find the cost?

OpenStudy (anonymous):

@just_one_last_goodbye

OpenStudy (just_one_last_goodbye):

idk sorry ;-;

OpenStudy (anonymous):

it's fine @just_one_last_goodbye

OpenStudy (anonymous):

Is this the full question?

OpenStudy (anonymous):

yeah. I think it's supposed to say "a house" but idk @ryguy717

OpenStudy (anonymous):

Ok then lets get started!

OpenStudy (anonymous):

In order to find the costs, you will need to know the value of the home and the asking price. Next you will need to get the interest rate on the mortgage. You can also determine the cost with how much money you put down.

OpenStudy (anonymous):

sorry my internet is slow sometimes.

OpenStudy (anonymous):

Does this help?

OpenStudy (anonymous):

not really. it doesn't remind me of anything we've gone over

OpenStudy (anonymous):

Have you discussed interest rate, appraisal value on a home?

OpenStudy (anonymous):

interest rate that's it, but at the beginning of the year kinda

OpenStudy (anonymous):

ok, well the only way you can figure out the cost of a home is to go by its value, and then compare it to homes near by to determine asking price. What grade are you in?

OpenStudy (anonymous):

i'm a senior in hs

OpenStudy (anonymous):

Me too, Im not sure what to tell you, what are you thinking?

OpenStudy (anonymous):

i have no clue. I'm going to skip it lol

OpenStudy (anonymous):

haha, wish I could help you more, sorry

OpenStudy (anonymous):

it's fine, I'm not all that worried

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