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How Do I Calculate a Monthly House Payment for a 30-Year Fixed Loan?

what is a 30 year fixed jumbo loan

by Susan Reynolds

Find out if you can afford monthly payments on a home.

Make a note of the interest rate, the loan amount and the terms of payment. Fixed-rate mortgage payments stay the same for the life of the loan. Example: $50,000 mortgage loan at 5 percent interest for 30 years making 12 payments a year (one a month).

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