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Loan Amount
The table below calculates the amount of a loan you might qualify
for with the monthly payment shown above. Depending on the circumstances, some
or all of the following will be true:
• In all cases, your monthly payment will include principal and interest payments.
• In most cases, it will include a monthly escrow deposit to
cover taxes and mortgage insurance, if any. In some cases, homeowner's insurance
is also included in this calculation.
• If you are buying a condominium or co-op unit, the monthly
payment figure may also include your homeowner's dues and/or maintenance fees.
You will need to estimate these monthly costs and type them into the appropriate
cells below.
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