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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