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Just how much house can you really afford??
Typically the industry rule of thumb is to expect to pay about 1% of the total cost of the home. (ex. cost of home $150,000, 1% of $150,000 is $1,500). This will basically be your monthly mortgage payment, including taxes and insurance. If you decide to pay your taxes and insurance separately, then your monthly mortgagepayment will be considerably lower.
This page was last modified on Sunday, April 18, 2010 09:55:38 AM