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2. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   Here’s a look at how PMI might play out based on how much you put down, according to the Freddie Mac mortgage insurance calculator and the Bankrate mortgage calculator. These examples assume a ...

3. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

4. How to choose a mortgage lender: 6 tips - AOL

   www.aol.com/finance/choose-mortgage-lender-6...

   You can get a conventional loan for as little as 3 percent down, but you’ll need to pay for private mortgage insurance (PMI) with a down payment below 20 percent. If you qualify, you could get a ...

5. First-time homebuyer guide - AOL

   www.aol.com/finance/first-time-homebuyer-guide...

   You don’t have to put down 20 percent, though — you can pay as little as 3 percent with PMI. If you’re getting a VA loan or USDA loan, you likely won’t have to make any down payment. FHA ...

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount. More complex calculators can take into account other costs associated with a mortgage, such as local and state taxes, and insurance.

7. How to build equity in your home in 2024 (and why you should)

   www.aol.com/finance/build-equity-home-why...

   Avoiding having PMI (or MIP if it’s a government-backed loan) added to your mortgage payment can free up funds each month and can help increase your home equity. 2. Get the cheapest loan possible