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Mortgage Calculator

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Use this mortgage calculator to figure your monthly mortgage payment and amortization schedule on your loan. The amortization table in the results is important because differentiating between your interest and principal will determine how much money you can potentially save on taxes. Interest payments are tax deductible, and generally between 70% - 80% of your payments at the start of your loan will be going towards interest. To figure your exact monetary tax savings, use our tax savings calculator.