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This is a simple mortgage calculator script that you can use to estimate your mortgage costs when flipping real estate. Sometimes the cost of the mortgage is the difference between a profit and a devastating loss in a real estate investment property. This calculator is able to show you amortized payments over the life of the loan, it can show you what your principle and interest payments would be, private mortgage insurance, and it can compute local property tax rates into the payments as well.
This is a vital step in flipping real estate that alot of people don’t consider. All too often the property taxes, interest, and other miscellaneous mortgage costs are overlooked in the initial estimates by the real estate flipping investor. This oversight can cost more than you think, so it is better to figure out the details before going into the transaction than after.
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