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You are considering buying a house. Your monthly budget is $ 2 0 0 0 , and you want to take out a 2 5

You are considering buying a house.

Your monthly budget is $

2000,

and you want to take out a

25 -

year mortgage at a rate of

4.537 % .

Considering that you will make a down payment of

20 %

on the initial price of the house, what is the maximum price you should consider for your new home?

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