There are a few different payments that are included in the total payment. We evaluate based on including all of these into the payment to make sure you are comfortable with the total payment.
Principal and Interest
This is the payment on your loan. This will always stay the same.
If you put less than 20% down there is Mortgage Insurance to protect the lender.
This insures your home and is extremely important to have.
These have to be paid every year to the government on your property.