Logan Moore

Principal: This is the amount borrowed. Every month, a portion of the payment goes toward paying down the principal.
Interest: The cost of borrowing is the interest rate. You’ll pay interest on the principal every month.
Taxes: Some mortgage lenders will establish an escrow account for you and collect a portion of your property taxes, which they place into this account. Your mortgage lender can also send the property tax payments directly to the tax collector on your behalf.
Insurance: If your loan requires mortgage insurance, you can pay that via your monthly mortgage payment as well. Some lenders will also collect and pay your homeowners insurance on your behalf.

Writer

Writer & Editor

6+ years of experience in editorial, wealth planning, and finance content
Work published in Morgan Stanley Wealth Management, Barron's, The Wall Street Journal, and the Business Journals.

Bio and experience

Logan Moore is a writer and editor with a passion for simplifying intricate financial concepts into easily understandable content.

Most recently, Logan worked for Morgan Stanley Wealth Management where she created and edited content about wealth planning topics and portfolio allocation strategies. She also writes and edits articles on economics and finance. Her work has appeared in Barron's, The Wall Street Journal, and the Business Journals.

Logan currently lives in Manhattan. When she's not writing, you can find her strolling the cozy streets of West Village with a coffee in hand.