If you’ve ever been looking for a home, or even contemplating buying a home, you’ve probably used an online home loan calculator (there’s a good one right on this page, in fact, labeled “Estimate Your Payment”) at some point.  Mortgage payments are typically made up of four components: rincipal, Interest, Taxes, and Insurance … PITI.  I say typically because some borrowers choose to pay their Taxes and Insurance separately, but that’s another blog post for another day. Read More