A house is sold with a new assumable $160,00 below-market loan at 6% for a total term of 30 years (with 30 years still remaining) and monthly payments of $959.28. Current rates are 7% for 30 year mortgages, If the house sold for $250,000, what is the cash-equivalent value of the house? $234,187 $225,726 none of the answers are correct $218,374 Question 30 In order to qualify for a $100,000 fully amortizing mortgage loan with a 15 year term, the borrower cannot have a monthly payment in excess of $800 for the first five years. Assuming the market interest, rate is 9%, what would the approximate biydown payment to the lender be? $11,700 $2.400 $10,300 none of the answers are cotrect