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How much can I afford for house payments?

Monitor Your Cash Flow

When seriously considering buying a home, it is important to know how much you can afford to pay monthly in mortgage payments. It is up to you to make sure you can afford monthly house payments, child care, medical bills, and household expenses. Track your spending for several months so you will know how much house really fits in your budget. Remember to consider funds for long-term goals such as your retirement and college tuition for your children.

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