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A condominium (condo) fee is paid by all property owners of a condominium complex to cover ongoing maintenance costs. The fee is often based on the size of the condo unit, the amenities that the building offers, and any anticipated annual expenses.

The monthly portion of your annual HOA or Home Owners Association fee. A homeowners association fee (HOA fee) is the amount paid by owners of certain types of residential properties, to assist with maintaining and improving properties in the association.

Mortgage Insurance is an insurance policy that compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.

Property insurance (also known as Home Owner's Insurance) provides protection against most risks to property, such as fire, theft, and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance.

Property tax is a tax paid on property owned by an individual or other legal entity. Most commonly, property tax is a real estate tax whose amount is based on the value of the property. It is calculated by a local government where the property is located and paid by the homeowner.

The two components of all payments under an amortizing mortgage loan. Principal and Interest payment (P&I), usually paid monthly, which includes the interest charges for the period plus an amount applied to amortization of the principal balance; commonly used with amortizing loans.

The monthly portion of your annual HOA or Home Owners Association fee. A homeowners association fee (HOA fee) is the amount paid by owners of certain types of residential properties, to assist with maintaining and improving properties in the association.

The total interest you will pay over the life of your mortgage loan.

The sum of monthly principal, interest, taxes, and insurance included in the monthly mortgage payment