The Bain Real Estate
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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