The pricing and fees are based upon certain loan assumptions in addition to information you provided, and is subject to change without notice. Accuracy is not guaranteed and products may not be available for your situation. This is not a credit decision or a commitment to lend and all loans are subject to a credit approval. Not all loans or products are available in all states.
The principal is the amount of money borrowed on a loan. The interest is the charge paid for borrowing money. Principal and interest accounts for the majority of your mortgage payment, but it doesn’t include escrow payments for property taxes, homeowners insurance, mortgage insurance and any other costs that are paid monthly, or fees that may come due.