You just bought a new home for $300,000. You have decided to put down 10 percent and finance the balance at 6 percent for 30 years. You will pay two points plus closing costs of $1,800 to close the loan. What is the official APR on this mortgage?

Fifteen years ago you bought a house for $200,000. You put down 10 percent and financed the balance at 8% for 30 years. If you sold the house today (exactly fifteen years after you bought it) for $75,000 more than what you owe the bank on the property, how much did you sell it for?