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If I have perfect credit, no loans anywhere, no credit card debt or car payments, and want to and can pay $2,200 a month on mortgage (regardess of my income), and can afford $65,000 down payment inclusive of closing costs, and assuming a tax rate on real estate of 8% where I live, and I want a 30 year mortgage, what is the house I can afford at an interest rate of about 6%? Please do the math for your points, don't give me a link.

2007-03-18 00:36:30 · 2 answers · asked by browneyedgirl 6 in Science & Mathematics Mathematics

2 answers

Around $430,000

2007-03-18 00:47:03 · answer #1 · answered by nep1293 4 · 1 0

$428,718.52

2007-03-18 00:50:17 · answer #2 · answered by Anonymous · 1 0

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