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How do you calculate your mortgage?

Updated: 9/15/2023
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12y ago

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You need to know the following data to calculate your mortgage. Total mortgage amount ($168,5, interest rate (4.75%, etc.), term of mortgage (30 yr., etc.). Some calculate the location of the property into it however, by using the above information you should be able to get a fairly good idea of what your monthly mortgage payment would be. Now with a variable term mortgage your monthly payment would fluxate as your interest goes up or down.

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12y ago
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A mortgage calculator can calculate mortgage fast and efficiently. Just enter the price of the house, and then the interest rate, and the loan rate, and then press calculate


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