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Use this mortgage calculator to figure out monthly payments of a home mortgage loan
based on:
1) The home's sale price.
2) The term of the loan desired.
3) Buyer's down payment percentage.
4) 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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