Mortgage Knowledge 101 | Day 10 What Is Included in a Monthly Mortgage Payment? 🏡 Your monthly mortgage payment is usually more than just the loan payment. Many first-time homebuyers think the mortgage payment only includes principal and interest. But in many cases, your full monthly housing payment may include: • Principal • Interest • Property taxes • Homeowners insurance • Mortgage insurance, if required • HOA dues, if applicable • Escrow/impound account payments, if set up This is why two h
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Mortgage Knowledge 101 | Day 10 What Is Included in a Monthly Mortgage Payment? 🏡 Your monthly mortgage payment is usually more than just the loan payment. Many first-time homebuyers think the mortgage payment only includes principal and interest. But in many cases, your full monthly housing payment may include: • Principal • Interest • Property taxes • Homeowners insurance • Mortgage insurance, if required • HOA dues, if applicable • Escrow/impound account payments, if set up This is why two h
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