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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, percent down payment and the 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. Simply plug in the numbers and let the computer handle the calculations. We strongly suggest you bookmark this page as you will use it often.
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