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Real Estate
Reply to "How much house can we afford? what would the monthly mortgage payments look like?"
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[quote=Anonymous]It appears that, if you want to keep house payments to $3000 or less, the most house you could get is around $650,000 (assuming 20% down, 3.75% interest rate, 6500 property taxes per year and 900 home owners insurance a year). Bear in mind, however, that utilities may be higher for a SFH than a TH and you may have some additional lawn care expenses as well (though as a PP pointed out, you will probably have some additional tax savings too)[/quote]
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