When considering "how much home" you can afford, you should consider all of the following, except
A) principal and interest payment.
B) annual homeowner's insurance premium divided by 12.
C) homeowner's association monthly fee.
D) A, B and C should all be considered.

Question

Quizplus · Accepted Answer

A, B, and C are all factors that should be considered when determining how much home you can afford. Principal and interest payments are part of the monthly mortgage payment, the annual homeowner's insurance premium divided by 12 gives you a monthly insurance cost, and homeowner's association fees can also impact monthly housing expenses.

When Considering "How Much Home" You Can Afford, You Should