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Mortgage Calculator

Daves Glossary
"Mortgage Prepayment Penalty"

Is a fee paid by the borrower to the lender in exchange for being permitted to break a contract (a mortgage agreement); usually three month’s interest, but it can be higher or it can be the equivalent of the loss of interest to the lender.
 
Welcome to the Mortgage Calculator!

You can use this tool to figure out what payments you would need to make to purchase your new home.

Amount: 
Interest:  %
Years: 
Term: 
Downpayment: 

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