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PLEASE HELP If the most you can afford for a monthly house payment is $1200, at what price should you search for a home if you plan to finance the house at 6.8% interest for 30 years?
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PLEASE HELP If the most you can afford for a monthly house payment is $1200, at what price should you search for a home if you plan to finance the house at 6.8% interest for 30 years?

User Ozplc
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1 Answer

4 votes

Answer:

Recommended Minimum Income

$68,684

To afford monthly payments of $2,175 per month, we recommend household income of $68,684 or greater.

Recommended Savings

$27,462

Minimum Down Payment $19,900

Closing Costs $7,562

Explanation:

PLEASE HELP If the most you can afford for a monthly house payment is $1200, at what-example-1
User Chaity
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