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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