Your Monthly Mortgage Payment – What’s Included?
When we conduct usability tests, one of the most common points of confusion is what’s included in a monthly mortgage payment result.
Is it taxes?
Is it insurance?
Or both?
Or neither?
Well, we recently revamped the Quicken Loans calculators, and tried to clear up the confusion.
The new calculator results have a simple breakdown that helps you see the difference between your new mortgage portion and your taxes and insurance portion. You’ll still get the total payment too, though. That way you can see the big picture, or its components.
To check out your own situation, feel free to try the calculators yourself, then comment about your experience here.