: Coverage to protect the property from damage, also typically collected monthly.
: Approximately one-twelfth of your annual property taxes are often collected monthly into an escrow account. financial mortgage
: Maintenance, utilities, and Homeowners Association (HOA) dues may also apply. Common Mortgage Types for 2026 : Coverage to protect the property from damage,
: The fee charged by the lender for borrowing the money, expressed as a percentage. financial mortgage
: Usually required if your down payment is less than 20% to protect the lender if you default.