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What's Really In Your Mortgage Payment? The Complete Breakdown

What's Really In Your Mortgage Payment? The Complete Breakdown I'll never forget opening my first mortgage statement. The lender quoted me $1,847/month. My actual payment? $2,634. That extra $787 included property taxes, insurance, and PMI that nobody clearly explained during closing. When you get a mortgage quote, that monthly number isn't just about paying back the loan. Your actual payment includes taxes, insurance, and fees that can add hundreds of dollars to your bill. Let's break down exactly what you're paying for — and how to avoid the surprise I got. Calculate Your True Monthly Payment Use our mortgage calculator to see all the components of your payment, including taxes, insurance, and PMI: Try Our Mortgage Calculator(/finance/mortgage-calculator) The Four Parts of Your Payment (PITI) !PITI Mortgage Payment Breakdown showing Principal, Interest, Taxes, and Insurance components(/images/blog/mortgage-piti-breakdown.svg) Your mortgage payment is often called "PITI" — an acronym for its four main components:...