Principal + Interest + Insurance + Property Taxes = Mortgage Payment

Monthly mortgage payments include:

 
Principal.
The amount borrowed or remaining unpaid. The part of the monthly payment that reduces the remaining balance of a mortgage.
 
Interest.
The fee charged for borrowing money.
 
Insurance.
The monthly cost of your homeowner’s insurance.
 
Property Taxes.
A tax based on the value of the house where the property is located and that funds things like schools, roads and other local services.

We recognize this is a difficult time for many people. Click here or call 866-913-2951 for more information and to learn about current options available to our borrowers.