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How Much Property Can You Afford?

This mortgage calculator can be used to figure out estimated 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.

$

5%

1%

5%

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421