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Calculate their monthly payment on this home loan of $285,000 with 4.0% interest and 15 years term. Assume no more than 20% down payment and
Calculate their monthly payment on this home loan of $285,000 with 4.0% interest and 15 years term. Assume no more than 20% down payment and $300 extra in taxes. Does this total monthly expense for buying this house fit well with their income? If not, what would be right home price that they should target
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