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