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If you monthly budget for a mortgage payment is $1200, whats the maximum house price...

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Finance

If you monthly budget for a mortgage payment is $1200, whats the maximum house price you can afford (after giving down payment so only the loan value) if you get a 30-year mortgage at 3% interest rate?

$300,789.78

$217,888.65

$284,627.26

None of the above

Answer & Explanation Solved by verified expert
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