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A mortgage calculator is a simple tool that helps people figure out what their monthly mortgage payment will be by inputting pieces of information. In other words, you tell the calculator what it needs to know, and it does the math for you, and tells you your monthly payment.
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You can use Bankrate’s mortgage calculator to estimate your monthly payments and see what the effects of making extra payments would be. It will also help you calculate how much interest you’ll pay ov.
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