Estimate monthly mortgage payments for an interest-only loan, where you pay only interest and none of the loan balance for an initial period of time.
You have many choices when choosing a loan. Compare the overall cost and monthly payments of a traditional, fixed rate mortgage loan with an interest-only loan over time.
Calculate how many points paid up front at closing could make a difference for you over the long term.
Calculate the mortgage settlement charges (or closing costs) for a given set of loan terms, including an amount for private mortgage insurance (PMI) if required.
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