Your monthly payment is the principal and interest (P & I) due each month on your loan. (Interest Only Loans: Only the interest is due each month for a specified period.)
Not calculated in this column, but also due each month, are your property tax and home owner insurance payments (T & I). Escrow Waiver: If you prefer to pay your own tax and insurance premiums and NOT have them paid through your monthly loan payments, there is a small one time fee.