: Approximately $340,000 (assuming a $50k down payment and ~7% interest rate). Key Affordability Factors
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: Aiming for 20% avoids Private Mortgage Insurance (PMI), which can save you hundreds monthly.
: Budget an extra 1% to 2% of the home's value annually for maintenance and property taxes.
For a precise number, you can use the Mortgage Affordability Calculator from or check current rates at Bankrate .