Ball O'Quinn
12/20/2023 · Primary School
When buying a house, it is a good idea to calculate how much your monthly payment will be to: \( \begin{array}{ll}\text { a. determine how soon you can move in } & \text { c. determine if you can afford the purchase } \\ \text { b. determine which bank you should use to get d. determine what the total cost of the } \\ \text { your loan } & \text { purchase will be }\end{array} \)
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When buying a house, it is a good idea to calculate how much your monthly payment will be to:
**c. determine if you can afford the purchase.**
Calculating your monthly payment helps you understand your financial commitment and whether it fits within your budget. While it can also provide insights into other aspects like the total cost of the purchase (d), the primary reason for calculating monthly payments is to assess affordability.
Quick Answer
To determine if you can afford the purchase.
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