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Mortgage
and loan calculator form
Resultado de Pagos Mensuales
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Mortage calculator definitionsPrincipal loan balance or mortgage amount The total dollar amount the mortgage calculator will use for the mortgage calculations. This is how much you presently owe or wish to borrow. Interest rate The interest rate (in percentage) is what the mortgage calculator will use for the mortgage calculations. Amortization in years The number of years over which you would repay this mortgage loan if you made your normal monthly payments. The most common terms for mortgages are 15 years and 30 years (25 years for Canadian mortgages). The mortgage calculator will use this number in it’s mortgage calculations. |