Question

When buying a house, it is a good idea to calculate how much your monthly payment will be to:

Answer 1

Answer:

c. determine if you can afford the purchase

Explanation:

The answer is

c. determine if you can afford the purchase

Buying or purchasing a house is investing a huge amount of money. We need to have a huge bank balance or we can purchase the house by taking a loan from the bank. And the repayment will be done by paying the EMIs every month to the bank for the purchase.

But before doing that, we should calculate our monthly payment so that we are aware how much we need to pay every month. This is important because there are other expenses that need to be taken care of in a month and pay other bills. So we need to know the amount to be paid every month in order to know whether we can afford the house or not.

Thus the answer is

c. determine if you can afford the purchase

Answer 2

C. determine if you can afford the purchase