With this tool, you will be able to calculate the monthly payment (including principal, interest, taxes and insurance) on a fixed rate mortgage.
Added on: Sun Feb 18, 2007 8:35 pm
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For many borrowers it is difficult to calculate for themselves the monthly payments if they select a mortgage for a certain period of time. Normally people take fixed rate mortgages for longer time periods and therefore it is important to know the payments they will have to make before taking the loan. This tool will prove to be quite useful for them.