How Much Will My Payments Be?

🏠 In this enlightening video, Matt takes you through a step-by-step guide on understanding the essential components of a mortgage payment. With a practical, hands-on approach, you'll learn how to navigate through principal and interest, property taxes, homeowners insurance, HOA fees, and mortgage insurance.

This video is perfect for prospective homebuyers looking to get a clearer picture of what goes into a monthly mortgage payment.

🔍 Highlights: Learn the critical components of a mortgage payment. Discover how property taxes and homeowners insurance affect your monthly dues. Understand the impact of HOA fees and mortgage insurance.

Use our downloadable worksheet for real-world application and comparison. Whether you're browsing online listings or seriously considering a purchase, this video will equip you with the knowledge to make informed decisions and find the best deal for your future home.

Don't navigate the complex world of mortgage payments alone. Let Speak Straight Mortgage guide you through each step with clarity and confidence.

Download the workbook by copying and pasting this link: https://docs.google.com/spreadsheets/d/1mFk10qpKVYdYFenUtP9r-Wnf7Y2w848Q2OQowVnkoMU/edit?usp=sharing

0:00 Intro

1:01 Intro to Principal and Interest (P&I)

1:12 Intro to Property Tax

1:35 Intro to Homeowners (Hazard) Insurance

2:07 Intro to Homeowners Association (HOA)

2:16 Intro to Monthly Mortgage Insurance

2:46 Where to Find Purchase Price

3:00 What to Input for Loan Amount

3:25 Where to Find Interest Rate

4:45 What to Enter for Loan Tern

5:23 Where to Find Property Tax

5:58 What to Enter for Homeowners Insurance

6:28 Where to Find Homeowners Association Cost

6:45 Monthly Mortgage Insurance (See video on loan types to calculate conventional mortgage insurance)

Matthew Wentz

NMLS 1852397

Get clarity on the buying process. Book an appointment here https://links.empowerlo.com/widget/booking/t9otZCJe733FJR4INdfk