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| This mortgage calculator can
be used to figure out monthly payments of a home mortgage
loan, based on the home's sale price, the term of the
loan desired, buyer's down payment percentage, and the
loan's interest rate. This calculator factors in PMI (Private
Mortgage Insurance) for loans where less than 20% is put
as a down payment. Also taken into consideration are the
town property taxes, and their effect on the total monthly
mortgage payment. |
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