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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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