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How much do I need to earn to afford a home?
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The amount of money you need to earn to afford a home will depend on several factors, such as the size and location of the house, your current financial situation, and how long you plan to stay in the home. Generally speaking, it is estimated that you would need to have at least three times your monthly income saved for a 20% down payment, plus closing costs and other fees associated with buying a home.