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You should be able to qualify in the $3500-$3900 range. Of course dependent upon credit, etc. but this payment range would keep you debt ration below 45%
One Point of View:Based on up to $625500 high balance conforming loan, with a 20% down payment and good credit scores, 50% could be the top qualifying debt to income ratio (dti). With debts of $3740/month you are at about 21% dti as is. That leaves about 29%/$5046 residual. The payment on a $625,500 loan at the going interest rate of 4.625% (conservative) is $3216 .Property taxes will be roughly $650/month. Insurance, $100/month. Total = $3966.Total Bills with new and old house factored = $7706. Debt to income ratio - estimate = 44% In this example, for every $1000 the loan amount drops, the payment will go down $5.20.
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