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The current rate at which you can borrow on a mortgage is 4 . 8 % . You want a 3 0 - year mortgage.

The current rate at which you can borrow on a mortgage is 4.8%. You want a 30-year mortgage. You can make a payment each month of $1,000. Your first payment would be due one year from now. You currently have $30,000 to put down on the house. How much would the most expensive house that you could buy?

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