| | Calculate Your Monthly
Payments
This calculator will determine your monthly payment for
principal and interest. Type the length of the loan in the
first box, the interest rate in the second box and amount
of the loan in the third box. Click on "Calculate" and your
monthly payment for P&I will appear on the right side. But principal and interest
are only part of your obligation. You also must pay taxes, insurance and any homeowner's
association dues. To determine your total monthly payment, type your taxes (about
2.5% of your purchase price), your annual insurance premium, and any monthly homeowner's
association dues where indicated.
Click on "Calculate"
and your total monthly payment will appear! | |
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