How much can a renter afford to borrow?

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Sam
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You can figure out the size of the mortgage you can afford based upon your monthly rent payment, the expected annual property tax and homeowner's insurance. You can also determine the home price you can afford at different percentages of down payment.


Added on: Thu Mar 15, 2007 2:10 am
      
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I have seen very few tools which help in estimating the mortgage amount based on rentals one pays. Expect it to become very good resource which people can use.



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