.A home is selling for $750,000.Mr. Wilson earns $175,000 a year his wife earns $193,000 a year.They have 2 years left on their car payment of$697 per month and 7 months left on their personal loan of $2800 per month.

The Wilson's are putting 25% down.The loan is 4.875% fixed for 30 years.They got such a low rate by purchasing 3 points.Closing costs not including points is $8,875. Property taxes are $11,800 per year and home owners insurance is $1500 per year.