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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]PP here. I got $650,000 from a mortgage calculator, which (assuming 20% down, 3.75% interest rate, 6500 property taxes per year and 900 home owners insurance a year) said: Principal and interest: $ 2408.20 (of which around $1625 is interest) Taxes and insurance: $ 616.67 TOTAL: $ 3024.87 [/quote]
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