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For an interest-only mortgage, monthly payments will include only the interest that is due on the outstanding principal balance until the interest-only period ends. Mortgage Insurance (MI) If your home loan requires mortgage insurance, such as private mortgage insurance or PMI, your monthly payment will usually include a mortgage insurance premium.
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Use our free mortgage calculator to estimate your monthly mortgage payment, including your principal and interest, PMI, taxes, and insurance. See how your monthly payment changes by making updates.