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Understanding What You Can Afford Quiz

You've done your research and are well on your way to becoming an informed homebuyer. Now it’s time to test your knowledge. You may even learn something new.


1

Typically, what funds must you be prepared to pay at closing?

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2

How much money should you save for an emergency fund?

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3

Which of the following costs must you be prepared to pay as a homeowner?

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4

What is generally considered a reasonable monthly payment for a home?

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You scored 0 out of 4.

 

You’re quite an informed homebuyer – great job! Chances are, you have a good sense of exactly what you can afford. Keep up the good work!

You’re doing well, but perhaps a bit more time on our site would help you understand how much home you can afford. Knowledge is power!

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