What Factors Affect Mortgage Payments?

Published on Nov 21, 2015

As you can see in the video below, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect the size of your mortgage payment. In bullets:

Down payment
Loan size
Interest rate – fixed or adjustable
Repayment term – how long
Payment schedule – how often

all affect the size of your payment.

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