29 August . 2018
What makes up your monthly mortgage payment?
If you’ve decided to buy a new home, congratulations! One of the most important first steps in buying a home is determining how much you can afford, and knowing what makes up your monthly mortgage payment, in addition to paying off the actual loan.
From P&I to PMI, our new video breaks down every part of your monthly mortgage payment.
For more information about becoming a homeowner, read our detailed blog on the cost of homeownership and learn more about the steps of building a new home in our blog titled, The 10 steps of building a new home from the ground up.
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