this post was submitted on 24 Aug 2024
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What happened? Take me back (lemmy.world)
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[โ€“] Lemmeenym@lemm.ee 3 points 2 months ago (1 children)

Mortgage payments cover insurance and taxes in addition to the mortgage itself. Unless you have a variable rate mortgage the portion of the payment going to the loan doesn't change but the amount needed to cover taxes and insurance can.

[โ€“] SynopsisTantilize@lemm.ee 2 points 2 months ago

Oh okay. So I could just include the other charges when I say mortgage here in the states and I could say the same thing then.