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Depending on the scale of your mortgage and down payment, these premiums can add $a hundred to $200 per thirty days or more to your payments. Overages — The difference between the bottom available worth and any greater price that the homebuyer agrees to pay for a mortgage. Loan officers and brokers are often allowed to keep some or all of this difference as further compensation. Mortgage — A contract, signed by a borrower when a home mortgage is made, that offers the lender the proper to take possession of the property if the borrower fails to repay, or defaults on, the loan. Interest …