WHAT IS INCLUDED IN A MONTHLY MORTGAGE PAYMENT? - Mortgagefit

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Posted on: 08th Sep, 2009 09:41 am

WHAT IS INCLUDED IN A MONTHLY MORTGAGE PAYMENT?

Total Reply : 1

The monthly mortgage payment mainly includes two parts

1) principal amount
2) interest amount

But some lenders also include local real estate taxes, homeowner's insurance, and mortgage insurance (if applicable) depending upon loan.

Posted on: 08th Sep, 2009 10:00 am

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