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You need a monthly payment Calculator

A very quick way of calculating the monthly payment on a low or zero down payment purchase --based on average rates as of May 2022 —within a hundred dollars or so --- is to take the sales price divided by $1000 and multiply that number by about $7.  For example, a $300,000 sales price divided by $1000 equals 300.  300 times $7 equals $2100 a month for a total payment including base loan payment-- property taxes-- home insurance and any mortgage insurance.  A more accurate way is to use my online mortgage payment calculator —click on the picture to the right for access--it's quick and easy.

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