How much can you afford? - Summit County, Colorado

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Colorado Real Estate - How much can you afford?

If you are ready to buy a house, you should be aware of the calculations that need be considered with a mortgage payment.

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How much can you afford? Summit County Colorado Real Estate Guide

Summit County, Colorado > Real Estate > How much can you afford?

COLORADO REAL ESTATE INFORMATION RESOURCES
Home Sellers / Buyers Guide to Colorado Mountain Real Estate in Breckenridge, Keystone, Frisco, all of Summit County Colorado and near by areas.

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How much can you afford?

If you are ready to buy a house, you should be aware of the calculations that need be considered with a mortgage payment. Keep in mind that the monthly mortgage payment should not be more than 27% of your net take-home pay. Taxes, utilities, insurance, maintenance, and incidentals take about 10%. Next, track the amount of money that is spent on clothing, vehicles, groceries, savings, debt repayment, medical expense, insurance, entertainment, and miscellaneous (haircuts, makeup, postage, gifts, magazines). Once this is established, you can figure out how much of a mortgage payment you really can afford.

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