The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). See the impact of these variables along with an amortizaton schedule.

Interest rates have crept up, but refinancing may make sense for you. More
Purchase price, interest rate, taxes and PMI determine your monthly payment. More
Find out if owning a home will save you money. More
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