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Reply to "HHI 350k, how much house would you buy?"
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[quote=Anonymous]OP, I would make sure you have enough saved so that you can put 20% down so you can avoid PMI. PMI is a huge waste of money and you'll have to pay it unless you put down 20%. If you wait until you have about 200,000 saved, then you can buy a house that is 900K, put down 180 (20%) and have 20K for closing costs. With a HHI of 350K and such small monthy obligations, you can definitely make the payments on a house that costs more than that, but again, I would wait until you have the 20% saved for a downpayment before you buy at a higher price. What price range are you looking in? [/quote]
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