What basic factor(s) affect(s) the monthly payment on a mortgage loan?

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The monthly payment on a mortgage loan is affected by all three factors - the amount borrowed, the interest rate charged, and the time period of the loan. As the amount borrowed increases, the monthly payment also increases. As the interest rate charged increases, the monthly payment increases, and as the time period of the loan increases, the monthly payment decreases. Therefore, all three factors have to be taken into consideration when determining the monthly payment on a mortgage loan.

What Basic Factor(s) Affect(s) the Monthly Payment on a Mortgage