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The calculator is for residential properties and mortgages. Additional conditions may apply. Calculation assumes constant interest rate throughout amortization period. The interest rate shown is calculated either semi-annually not in advance for fixed interest rate mortgages or monthly not in advance for variable interest rate mortgages.
"Mortgage rates move well in advance of the Fed, so mortgage rates are not tied to the short term interest rate that the Fed affects. Personal Finance Insider offers tools and calculators to help.
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