How can I see my mortgage payment breakdown?


Your mortgage payment breakdown consists of the PITI parts - Principal, Interest, Taxes and Insurance. Here is this housing expense breakdown:

Principal is the original amount borrowed from the lender. Also, in the monthly mortgage payment breakdown principal will be shown separately from interest. The remaining loan balance is also loan principal.

Interest is what the lender charges to extend money. This is the level of return for the lender.

If you are looking at your mortgage payment breakdown using an online calculator, you will notice that your combined principal & interest is much less than the PITI payment you are making every month. This is because the monthly mortgage payment includes property taxes, homeowners insurance and possibly PMI and other charges beside principal and interest.

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