When you combine all four of these elements, you have a monthly mortgage payment amount. (homebuyinginstitute.com)
You may only increase your regular payment amount once each year and you must continue to pay this new mortgage payment amount for at least 12 months. (hsbc.ca)
Set aside the proposed mortgage payment amount for a few months to see how it feels (you could use the funds toward your down payment). (creditdonkey.com)