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See a sample reprint in PDF format Order a reprint of this article nowThis calculator answers three questions for a fixed-rate mortgage.
1. What is my monthly payment?
2. What if I make regular prepayments?
3. How much interest am I paying each month?
The graph will show you both how your equity builds over time and how interest declines as a percentage of your monthly payment. This is helpful if you want to understand how your mortgage-interest tax deduction plays out over the life of your loan.
See your bonds and bond funds react to rate moves
Find solutions to this and many other problems using
Answer Engine from SmartMoney.
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