I never understood why you shouldn't buy a house unless your planning on staying 5-10 years and have a 20% down payment. But now I do! Without a 20% down payment you will pay over 100k more in the long run (interest/fees, etc.) but most houses won't accumulate 100k in value until at least 5-10 years.
Several reasons make it imperative to know mortgage payment and how it is calculated. And there are different ways to understand this like the use of Mortgage Payment Calculator. The reason for a mortgage can be individual, but certain things like down payment, monthly instalments, interest paid and others are always curiously looked upon by any of the applicants. If you are planning to purchase a home, it is crucial to Calculate mortgage payments.