29 August . 2018
What makes up your monthly mortgage payment?
If you’ve decided to buy your first new home, congratulations! One of the most important first steps 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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