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In this real estate exam prep video, Paul Vojchehoske explains how to calculate monthly mortgage payments, specifically focusing on principal, interest, taxes, and insurance (PITI) using an amortization schedule. He emphasizes the importance of understanding the components of a monthly mortgage payment, which primarily consists of principal and interest. A previous video on this topic is referenced, encouraging viewers to check it out for foundational knowledge. The video aims to provide a clear and practical approach to calculating these essential elements for real estate professionals.