When estimating monthly housing costs,add an additional 40 or more percent to your loan amount payment for such things as homeowner's insurance,property taxes,maintenance,and upkeep.

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It is recommended to add an additional 40% or more to your loan amount payment for expenses such as homeowner's insurance, property taxes, maintenance, and upkeep when estimating monthly housing costs. This is to ensure that all additional expenses are considered and budgeted for.

When Estimating Monthly Housing Costs,add an Additional 40 or More