When using a Closing Cost Estimator, it’s important to note that the number displaying is not guaranteed. This is only used as an educational tool for buyers by utilizing your loan amount.
Mortgage Calculator
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When using a Mortgage Calculator, there are four general components: listing price of home, down payment, the mortgage term in years, and the average interest rate. Mortgage Calculators will automatically set the mortgage term to 30 years and the interest rate at 4%, although these are flexible on a buyer to buyer basis.