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.
Compare the monthly mortgage payment for fixed- and adjustable-rate mortgage (ARM) loans, given the terms of the loans.
Determine the effect of your down payment on a home with respect to the loan terms, and whether you’ll pay private mortgage insurance (PMI).
Calculate an estimated loan amount and the associated mortgage payments so you can evaluate a range of borrowing amounts.
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