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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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