Definition: The Mortgage Calculator Zillow is a free online tool provided by Zillow that allows users to compare mortgage rates, interest rates, and terms of various loans and mortgage products available in different regions. The tool offers an interactive dashboard that displays all the relevant data such as interest rates, loan amounts, and payments for a given set of criteria. The definition of "mortgage calculator" in this context would be something like a program or service provided by Zillow that helps users find the best mortgage rate available to them based on various factors such as credit score, loan amount, down payment, and other relevant variables. It's essentially a tool designed for people who are looking to buy or refinance a home. The Mortgage Calculator Zillow allows users to input their desired loan terms (e.g., 30-year fixed rate mortgage, 15 year fixed rate mortgage), the interest rates they're considering, and any other relevant criteria. It then uses this data to calculate the monthly payment, total amount of money paid over the term of the loan, and the remaining balance after eachθΏζ¬Ύζ. Overall, "mortgage calculator" is a tool designed for users who are looking to find the best mortgage rate available in their area based on various factors such as credit score, loan amount, down payment, and other relevant variables.
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