Mortgage Calculator
Monthly Payment Breakdown:
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$
$
$
$
$
Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
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About Mortgage Calculator
This calculator helps you estimate your monthly mortgage payments, including principal, interest, property tax, and home insurance. It also provides an amortization schedule showing how your payments are applied to principal and interest over time.
Key terms:
- Principal: The amount you borrow
- Interest: The cost of borrowing money
- Amortization: The process of paying off a loan over time
- Down Payment: The initial payment made when purchasing a home
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