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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