Sarah bought a house for $140,000. She paid 20% down and took out a mortgage loan for the remaining money. How much was her loan?

Sarah bought a house for $140,000. She paid 20% down and took out a mortgage loan for the remaining money. How much was her loan?
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2 Answers

20% of $140,000 is 140000/5=$28000, leaving $112,000 mortgage loan.
by Top Rated User (1.1m points)
140,000 * .20 = 28,000

140,000 - 28,000 = 112,000

 

 

The loan amount would be for $112,000
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