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The Real Estate loan calculator will show you the exact amount you’ll need to repay each month in both interest and principal.
To be clear, definitions are below.
Loan amount: Total amount of debt you will owe to the lender.
Interest rate: Proportion of the loan that is charged as interest to you. It is shown as an annual percent of the outstanding debt.
Repayment term: Amount of time the debt will be outstanding. The loan may be fully amortized, but that might not be the case. If it is the latter, there will be a balloon payment at the end of the repayment term.
