Home Buyer Tips

What’s In a Mortgage Payment?

Your monthly mortgage payment is made up of multiple components. The choices you make when choosing a loan package and making an offer can affect the amounts of those components, and, essentially, the full monthly payment. Here’s an infographic that gives a breakdown of those components, including how different downpayments will affect the principal interest, mortgage insurance, property insurance, and the actual cost of the home.

whats-in-a-mortgage-payment

If you have any questions about buying a Wilmington area home and securing financing, give us a call at (910) 202-2546!

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