True costs of a monthly mortgage

Infographic may make buyers think twice about down payment

CORRECTION: The original version of this article contained an error and has been updated with a correction. The infographic referenced in this piece relates to the purchase of a $269,000 home with a 20 percent down payment. The whole idea of an infographic is to take a topic that is complex or difficult to understand via text, and to display it, with graphics and visuals, in a way that makes it simple to understand at a glance. Given that overarching aim of the entire genre, it makes sense that many an infographic has been designed in an effort to demystify that indispensable phenomenon which holds the power to empower and imperil, while causing great obfuscation among homebuyers and homeowners alike: the home mortgage. Unfortunately, many of the mortgage infographics are stunningly complex or utterly unhelpful in themselves. Some try to illustrate every evil of the subprime mortgage calamity and depict the sequence by which America's housing market fell.Others they try to use...