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09 January 2008 22:45

Fixed Mortgage Calculator

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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