Enter the total amount saved for a deposit and closing costs ($) into the Max Purchase Price Calculator. The calculator will evaluate and display the Max Purchase Price.
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Max Purchase Price Formula
The following formula is used to calculate the Max Purchase Price.
MPP = D / .10
- Where MPP is the Max Purchase Price ($)
- D is the total amount saved for deposit and closing ($)
To calculate the max purchase price, divide the total amount saved for a deposit by .10.
How to Calculate Max Purchase Price?
The following example problems outline how to calculate Max Purchase Price.
Example Problem #1:
- First, determine the total amount saved for deposit and closing ($).
- The total amount saved for deposit and closing ($) is given as: 10,000.
- Finally, calculate the Max Purchase Price using the equation above:
MPP = D / .10
The values given above are inserted into the equation below:
MPP = 10,000 / .10 = 100,000.00 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
total amount saved for deposit and closing ($) = 20,000
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
MPP = D / .10 = ?
