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Calculate your monthly payment for fixed rate or adjustable rate loans.
Here's some info to help make the calculator even easier to use.
Loan Amount: This is the home's purchase price, minus your down payment.
Interest Rate: You'll want to check the latest home loan rates.
Term: You can choose between 15, 20 and 30 years to pay off your loan.
Amortization: This shows the details of your payments (principal and interest) over time.
The information provided by this calculator is intended for illustrative purposes only. Your monthly payment amount will vary based on how much you borrow, the interest rate you may qualify for, the terms of the loan and other loan factors. Other items not included in the monthly payment example are real estate property taxes, homeowner's insurance, and private mortgage insurance ("PMI"). PMI may be required if the amount you borrow is more than 80% of the value of the property.