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This is the main part of your monthly payment that goes toward paying off your loan. Principal reduces your loan balance, while interest is the cost of borrowing.

Annual property taxes divided by 12 months. This amount varies by location and is typically held in an escrow account by your lender.

Protects your home from damage and is required by most lenders. The cost varies based on your location, home value, and coverage level.

Required if your down payment is less than 20%. PMI protects the lender and can be removed once you reach 20% equity in your home.