Besides the actual mortgage payment, which also factors into the monthly payment on a home?

Question: Besides the actual mortgage payment, which also factors into the monthly payment on a home?

Scan down the interest rate column to a given interest rate such as 7% then follow across to the payment factor for either a 15 or 30 year term. Piti is an acronym for the four main components of a mortgage payment principal interest taxes and insurances. The money factor is a method for determining the financing charges on a lease with monthly payments.