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Mortgage information and calculators!

To use this calculator: Change any combination of fields for a simultanious readout.
Or change the down payment and monthly payment to calculate the possible home price.

Mortgage Fast Facts

Here are some fast facts about mortgages:

  • Two basic types are FRM fixed rate mortgages and ARM adjustable rate mortgages.(The mortgage calculator to your right calculates fixed rate mortgages).
  • Many economists recommend spending roughly about 25% of your monthly income on housing. If you make $6,000 per month, your mortgage payment should be around $1,500 per month. This can vary greatly, depending on your circumstances.
  • Usually new houses are easier to finance because the lender tends to bear less risk.

Mortgage Calculator:


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