There are several factors that go into estimating how much your regular mortgage payments will be.
These 3 numbers are particularly important:
1. The total mortgage amount: This is the price of your new home, less the down payment,
plus mortgage insurance, if applicable.
2. The amortization period: This is the total life of your mortgage, and the number of years
the mortgage payments will be spread across.
3. The mortgage rate: This is the rate of interest you pay on your mortgage.