Micah Murray

Principal: This money is applied straight to your loan balance.
Interest: The cost of borrowing the money. How much you’ll pay is indicated by your interest rate.
Escrow costs: If you opt to use an escrow account (or your lender requires it), you’ll also have your property taxes, mortgage insurance, and homeowners insurance rolled into your monthly mortgage payment, too.

6+ years of experience in personal finance.
Work has appeared in Newsweek Vault, New York Post, Bankrate, RateGenius, Sound Dollar, Money Under 30

Bio and experience

Micah Murray is a writer and editor with more than six years of experience in personal finance, specializing in auto and personal loans, home equity loans, mortgages, and credit cards.

He worked for over two years at Money Under 30 as an editorial assistant and is currently a freelance writer at Newsweek Vault, New York Post, and Bankrate.