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AFFORDABILITY You have saved $39,400 to make a down payment and pay the closing costs on your future home. Your bank informs you that a

AFFORDABILITY You have saved $39,400 to make a down payment and pay the closing costs on your future home. Your bank informs you that a 15% down payment is required and that the closing costs should be $380 plus 4 points. What is the maximum price you can offer for a home in order to have enough money for the down payment and the closing costs?

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