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re: Would it ever be ok to tap into 401k for a first time home purchase?
Posted on 10/30/15 at 9:39 am to LSUFanHouston
Posted on 10/30/15 at 9:39 am to LSUFanHouston
Quick question that I don't want to start a new thread on...
The "estimated taxes & insurance of $614" - is that $614/month?
The "estimated taxes & insurance of $614" - is that $614/month?
1
Posted on 10/30/15 at 10:44 am to Jon Ham
The taxes and insurance are per month, but that estimation is way off. I'd suspect you'd be closer to $250 on a $164,000 house. You can get the exact tax bill from your county - and insurance would be around $100 a month.
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