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January 6, 2009 1:49:18 AM EST
Calculators: Real Estate
The Mortgage Calculator
June 9, 2006
THIS CALCULATOR IS DESIGNED to do three things: 1) Calculate a simple monthly payment 2) Figure the effects of prepaying your mortgage and 3) Analyze the composition of your monthly payments in the future. The latter is particularly helpful in projecting your mortgage-interest tax write-off in future years. The graph will show you either how your equity builds over time or how interest declines as a percentage of your monthly payment.
Home Buying Worksheet
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