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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. You may not be required to pay PMI but
it will be calculated here as an example. Also taken
into consideration are the town property taxes, and
their effect on the total monthly mortgage payment.
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