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First home buyer splurge: cheaper now but paying for it later!


RateCity Staff

By RateCity Staff

1 min read

RateCity’s First Home Buyer Affordability Index shows more affordable than 12 months ago. But new borrowers taking on more debt. Cost escalates with higher rates: $400,000 mortgage costs extra $108,716 in interest than $300,000 loan over 30 years. National and state-by-state breakdown

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