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Mortgage Calculator

Loan Cost Profile:

Over the -year life of the loan, your monthly payment of $ accumulates to $, meaning $ of interest.

Also during that time, your down payment of $ could have yielded an additional $ in the stock market which historically averages about 9% yield, but with taxes and such could conservatively be estimated around 6%. This is the opportunity cost of lost yield.

Points help buy a better interest rate, but unless they are rolled into the price of the house at resale, they are also part of the cost of borrowing.
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