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Easy to Use Simple Mortgage Payment Calculator
1. Enter a new home price (or refinance amount if refinancing).
2. Enter down payment amount (for refinance enter "0").
3. Loan terms are typically 30 years, but if different enter the loan terms in years.
4. Enter the interest rate.*
5. Hit ENTER key, and the monthly payments will recalculate.
* the interest rate is not the same as the APR which includes loan fees, and may also include other fees such as property taxes, homeowner's insurance, PMI and HOA fees. This calculator is only designed to provide a simple mortgage payment amount based on interest rate alone. Contact your loan broker to get the exact amounts and APR on your home loan.
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