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This estimator performs two functions:
- It will generate values for a monthly payment, the total interest paid and total payments made, over the life of a given mortgage.
- It will also generate an amortization table for the values entered. The
calculations are for a fixed rate mortgage.
This estimator is believed to be accurate, but is only intended to generate approximate results.
Operation:
Enter the Full Sale Price, Percent Down, Interest Rate, and Number of Payments.
The Update Calculations button, will complete the fields on this page with the Total Interest Paid and Total Payments Made for the life of a mortgage.
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