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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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