Calculate your monthly mortgage payments, understand amortization schedules, and plan your home purchase with confidence.
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Aim for a 20% down payment to avoid Private Mortgage Insurance (PMI) and get better interest rates.
15-year loans have higher monthly payments but save significantly on interest compared to 30-year loans.
Improve your credit score before applying for a mortgage to qualify for lower interest rates.
Making one extra payment per year can reduce your loan term by several years and save thousands in interest.