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Reply to "How much house can we afford? what would the monthly mortgage payments look like?"
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[quote=Anonymous]OP here - the low mortgage interest rates are so appealing and if we wait too long, I feel as though we may miss a great opportunity. Tell me about the rates - is there some general formula. Like for every 1%, there is a difference if $x in monthly interest payments? Right now we have a 30 year fixed on a $400k loan @5.25%. Home is easily worth $650 - purchased 10+ years ago. [/quote]
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