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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.

Watch it now.

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.  

tags: mortgage