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  2. Mortgage Interest Deduction: Limits and How It Works - AOL

    www.aol.com/finance/mortgage-interest-deduction...

    That could result in $6,164 in tax savings that year, based on calculations made by Allstate’s mortgage tax credit calculator. Bear in mind that as you pay down your mortgage, the amount of ...

  3. Mortgage calculator - Wikipedia

    en.wikipedia.org/wiki/Mortgage_calculator

    The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount. More complex calculators can take into account other costs associated with a mortgage, such as local and state taxes, and insurance.

  4. What is PITI? - AOL

    www.aol.com/finance/piti-170744787.html

    The principal on your mortgage is the amount you borrow from a lender to finance a home purchase. Let’s say you’re buying a $400,000 home and you have 20 percent for a down payment, or $80,000.

  5. How much house can I afford with a $170K salary? - AOL

    www.aol.com/finance/much-house-afford-170k...

    $14,166 x 0.36 = $5,099 (your total monthly debt limit) Keep in mind that several other factors will play a part, too, including your location’s property tax and homeowners insurance rates.

  6. Amortization calculator - Wikipedia

    en.wikipedia.org/wiki/Amortization_calculator

    An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

  7. What are the monthly payments on a $300,000 mortgage? - AOL

    www.aol.com/finance/300000-mortgage-payment...

    Assuming a 30-year fixed-rate mortgage at 6.5% interest, including estimated property taxes and insurance, the payment on a $300,000 mortgage would be around $2,160 a month.

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