If you have a fixed-rate loan, then the loan payment (principal and interest portion of your loan) would not change. However, if you escrow for property taxes and homeowners insurance, it may change as the cost for these items change. If you have private mortgage insurance (PMI), your payment normally decreases over time depending on which type of loan you have. The mortgage insurance (MI) on some FHA loans does not disappear. Homeowners association (HOA) dues are generally not escrowed into the payment and change over time.