The borrowed amount, also known as the principal, is the total sum of money you're borrowing from a lender to purchase a property. This is typically the purchase price of the home minus your down payment.

The interest rate is the cost of borrowing the principal amount. It's expressed as a percentage of the loan amount and is typically quoted as an annual rate. The interest rate affects your monthly payments and the total amount you'll pay over the life of the loan.

Loan years, or the loan term, is the length of time you have to repay the mortgage. Common terms are 15 or 30 years, but other terms exist. A longer term generally means lower monthly payments but more interest paid over the life of the loan.

Private Mortgage Insurance (PMI) is typically required when you make a down payment of less than 20% on your home purchase. It protects the lender in case of default. PMI is usually added to your monthly mortgage payment and can be removed once you reach 20% equity in your home.

HOA fees are monthly or annual charges paid by homeowners in certain communities to maintain common areas, amenities, and sometimes provide services. These fees can vary widely depending on the community and the services provided. They are separate from your mortgage payment but are an important consideration in your overall housing costs.

Property taxes are assessed by local governments and used to fund public services such as schools, roads, and emergency services. The amount is typically based on the assessed value of your property and can change over time. Property taxes are often included in your monthly mortgage payment and held in escrow by your lender.

The mortgage start date is the day your mortgage officially begins. This is typically the day you close on your home purchase. It's important because it determines when your first mortgage payment is due, which is usually the first day of the month following 30 days after your closing date.