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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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