Page 4 Let's say that you have found a house that you want to purchase....

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Page 4 Let's say that you have found a house that you want to purchase. You've looked at your budget and discovered that you can afford a $1200 monthly payment The house costs $219,000, and you are making a $20,000 down payment The best interest rate you can get is 5,3% Can you afford the monthly payment on a 15-year mortgage? Show your work

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