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How Much Home Can I Afford?
$
Amount you plan to use for the down payment.
$
Amount you plan to pay each month.
Years you plan to finance the mortgage.
%
Interest rate you plan to get on your loan.
$
This is the approx. cost you can afford.
There's no point wasting time and energy house-hunting before you
know what you can afford
. So your next step is to assess your finances:
Find out about interest rates
Understand your closing costs
Figure out your income, debt and down payment
Calculate how much home you can afford!
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