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Amidst uncertainty, Mortgage loans charge higher interest

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  Compared to last week, the interest on Mortgage loans shows an increase. Nobody knows about next week but perhaps the rate will rise further. Even the experts are divided and omicron still looms. All we can discuss is the present but then many lenders offer various options far below national averages.   Home Loan Calculator simplifies the task   Along with the loan amount, interest rate, and period of the loan, certain other factors count. Home Loan Calculator conveniently displays all the figures and quickly calculates the probable monthly payments. Repeat the exercise with several different inputs and understand the complexities well.   Study an example. A home price of $430,000 has a down payment of 20% of $86,000. The loan term is 20 years with an interest rate of 3.230%. The calculator shows a monthly payment of $2296 but how? The Principal and Interest add up to $1947. Homeowners' insurance is $66. Property tax amounts to $283. HOA fee is nil....