• Home
  • About
    • Leadership Team
    • Homebuying Process
    • Careers
  • Meet Our Team
  • Loan Products
  • Resources
    • Contact Us
    • DASH
    • eHome
    • Homebuying 101
    • Manage Account
    • Mortgage Calculator
    • New Construction
    • On Time Guarantee
    • Purchase
    • Refinance
  • Home
  • About
    • Leadership Team
    • Homebuying Process
    • Careers
  • Meet Our Team
  • Loan Products
  • Resources
    • Contact Us
    • DASH
    • eHome
    • Homebuying 101
    • Manage Account
    • Mortgage Calculator
    • New Construction
    • On Time Guarantee
    • Purchase
    • Refinance
Apply Now
[wd_asp id=5]
Apply Now

What is Included in a Mortgage Payment

The four components of a mortgage payment include principal, interest, taxes and insurance.

PITI is an acronym for the four components of a mortgage payment: principal, interest,taxes and insurance. It is seen as a total or complete mortgage payment. Your mortgage payment to the lender includes the following:

PRINCIPAL
The amount you borrow from the bank or lender spread over the life of the loan.

INTEREST
The amount your bank or lender charges you to borrow from them.

TAXES
A portion of your mortgage payment will go toward real estate or property taxes and is paid to your local government from your escrow account

INSURANCE
Homeowners or hazard insurance, held in an escrow account. Can also include mortgage and/or flood insurance.

Ready To Take The Next Step?

Submit a
Contact form

find a mortgage loan originator

Your mortgage

Apply Now

Find a loan expert

Manage your account

company

Contact us

Careers

lending options

Mortgage calculations

Mortgage basics

COMPLAINT AND LICENSING INFO

Complaints may be directed to Hallmark Home Mortgage at 855.249.7731 or an email may be sent to: complaints@1hallmark.com

Corporate NMLS:53441 | NMLS Consumer Access
Security & Privacy | Disclosures and Licenses

CORPORATE CONTACT

7421 Coldwater Road Fort Wayne, IN 46825
888.490.1428 | 260.469.0900

Hallmark Home Mortgage, LLC (NMLS # 53441) is an Equal Housing Lender. Hallmark Home Mortgage is not endorsed by any government agency. Reviews and comments have been submitted by customers voluntarily, are solely the views of such customers, and have been screened by Hallmark Mortgage LLC prior to publication in accordance with our guidelines. Customers were not compensated for their reviews/comments but were informed that the submittals may be used in Hallmark Mortgage LLC advertising. Hallmark Home Mortgage, LLC (NMLS # 53441) is not licensed to originate in all states. All rights reserved. NOTICE: All loans are subject to credit, underwriting, and property approval guidelines. Offered loan products may vary by state. There is no guarantee that all borrowers will qualify. This is not a commitment to lend nor an offer to enter into a rate lock agreement. Terms, conditions and programs are subject to change without notice. Certain limitations apply. Contact us for additional details. Not all offices are licensed in all states. Visit: https://www.hallmarkhomemortgage.com/disclosures for complete licensing information. Through UnitedHealthcare, UMR and HealthSCOPE Benefits creates and publishes the Machine-Readable Files on behalf of Hallmark Home Mortgage. To link to the Machine-Readable Files, please click on the URL provided: https://transparency-in-coverage.uhc.com

  • Home
  • About
    • Leadership Team
    • Homebuying Process
    • Careers
  • Meet Our Team
  • Loan Products
  • Resources
    • Contact Us
    • DASH
    • eHome
    • Homebuying 101
    • Manage Account
    • Mortgage Calculator
    • New Construction
    • On Time Guarantee
    • Purchase
    • Refinance