4/22/2024 0 Comments New home appraisal pre checklist![]() Try calculating your monthly payment with different loan amounts, interest rates, down payment amounts, and home prices. Once you’ve gone through the above steps, you should have a sense of how much extra money you have each month that you could direct towards housing payments.īonus tip: You can use an affordability calculator to determine your potential monthly payment in different types of scenarios. A good rule of thumb is 10% or 20% of your monthly income, but any amount that you can afford is helpful.
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