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mortgage calculators bread crumb mortgage calculators > Cashback mortgage

Cashback mortgage

This mortgage calculator determines how much is your cashback mortgage. Sometimes, the mortgage lender gives cashback on mortgage to attract home buyers. Cashback is way in which the homebuyer gets a certain percentage of the principal. Cashback allows to pay renovations, furnitures, mortgage, education, car, or any other expenses. The higher the mortgage, the higher the cashback. This cashback mortgage calculator is one of the mortgage calculators.

Enter values that implies your situation
Total Mortgage Amount: $ Click here for mortgage term definition
Cashback Rate: % Click here for mortgage term definition

Mortgage Calculator Definition of Terms

Total Mortgage Amount

It is the amount that the borrower wishes to borrow. For example, 250000.

Cashback Rate

It is the percentage of the mortgage that homebuyer gets back. For example, 3, 4, or 5 percent are common

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