Q:

What comprises a monthly mortgage payment?

2
Like
Answer
Comment
Flag
Thanks for your feedback!
A:

1 Answer

rank
1
2
Like
Comment
Flag
Your monthly mortgage payment includes a payment to the principal balance of your loan, the interest payment and your escrow payment (monthly payments collected to pay your hazard insurance, mortgage insurance, flood insurance and property taxes.) This is commonly referred to as P.I.T.I. (Principal, Interest, Taxes and Insurance.  more

Related Videos

Add your answer...

Top Related Experts

1.
Joey Klak
Mortgages expert · Articles · 0 Likes
2.
kelly bowlin
Mortgages expert · Articles · 0 Likes
3.
John H Tate
Mortgages expert · Articles · 0 Likes

Top Answerers

1.
Cheap SSL Certificates
7 Answers in the past week
2.
vanity fair
7 Answers in the past week
3.
Robert Turner
4 Answers in the past week

Top Askers

1.
Frank Bell
2 Questions in the past week
2.
Frank Bigaglow
3 Questions in the past week
3.
Charles McAtee
2 Questions in the past week

Top Supporters

1.
Tom Wagner
9 Likes given in the past week
2.
Susan Brunner
3 Likes given in the past week
3.
CableAnd OtherThings Too
2 Likes given in the past week
...