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Buying a Peninsula home could now cost $4,380 more a month

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Source: Palo Alto Online

A new report finds that buying a home in the San Jose metro area could mean a monthly mortgage payment nearly three times what current homeowners pay: $7,039 compared with $2,659. In the San Francisco metro area, which includes San Mateo County, the estimated payment for new buyers is $4,907, compared with $2,471 for current mortgage holders.

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Read the original at Palo Alto Online

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