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Client Tip: How Much to Save for a Down Payment

September 9, 2019

Conventional wisdom states that housing expenses should never exceed 28% of a buyer’s total monthly income. Using that figure, if the buyer makes $5,000 per month, that would translate to a monthly housing payment (which should include additional costs like taxes, mortgage insurance, and HOA fees) of $1,400 per month. To find your client’s amount, […]

Filed Under: At A Glance, Client Tips Tagged With: calculate, calculator, down payment, Forbes, Nerdwallet

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