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This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home sale price, the term of the loan desired, buyer's down payment amount, and the loan 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 tax, and their effect on the total monthly mortgage payment.
1. Pre-calulated values for default price of $250,000 with $25,000 (10%) down
| Loan amount: | $225,000 | $225,000 | $225,000 |
| Loan type: | 30-year fixed | 15-year fixed | 5/1 adjustable |
| Rate: | 3.71% | 3.0% | 3.0% |
| Monthly principal & interest: | $1,037 | $1,553 | $908 |
| Monthly mortgage insurance (PMI): | $111 | $111 | $111 |
| Estimated monthly payment: | $1,148 | $1,664 | $1,019 |
Disclaimer:
Results received from this calculator are designed for comparative purposes only and its accuracy is not guaranteed. This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which are not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. Additional fees such as HOA dues are not included in calculations. All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. Goral Real Estate, Inc and/or goralhomes.com does not guarantee any of the information obtained by this calculator, and the accuracy of any information available on this site, and is not responsible for any errors, omissions, or misrepresentations.
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