G Suppose you have $50K in savings and $1500/month available for monthly housing costs. Closing costs, which are fees paid to your lender, the escrow office, and local government, will be 2% of the purchase price of the home. Local government taxes are 1.2% of the purchase price annually, which can be paid in 12 equal payments (0.1% of the purchase price monthly), and you'll need $200 per month on average for repairs. What is the most expensive house you can afford to buy assuming your mortgage interest rate will be 3.75%