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Estimating your monthly home loan payment before starting your search for a new home can boost your negotiating power and help you choose the best loan for your budget. If your search for a home is getting serious, it’s always best to consult a mortgage loan officer. In the meantime, use this free mortgage payment calculator to get an idea of your monthly mortgage payment based on the purchase price and other factors.

More for you: Check out these free resources to help you buy your first home.

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