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home buyers | calculator
| Disclaimer - This calculator is intended to give you a rough idea of payment options in a mortgage; it will not accurately reflect your circumstances. It does not take into account the differences between fixed, adjustable, interest only, or negative amortization mortgages. Financing rates, special programs, and personal ability to pay all have an impact on available financing and whether additional, more expensive financing, or private mortgage insurance is required. Often, down payments less than 20 percent of the purchase price of a property, non-owner occupied property, or investment buildings will require higher interest rates, and/or private mortgage insurance. Please discuss your financing thoughts and options with a qualified mortgage broker or lender to discover your specific financing possibilities and the cost and availability of that financing. Also included in monthly housing expense, are property taxes, hazard insurance, home owners association fees in the event of a condominium or tenants in common, none of which are included and significant in this calculation. |
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