Is Homeowners Insurance Included in the Mortgage Payment?

Maybe.   You need to check.   The insurance payment is not included in the actual mortgage payment but some lenders will collect money for insurance and put it into an escrow account.   Some lenders may even require this and it is a very common practice.  Also, Private Mortgage insurance is not the same as Homeowner’s insurance.   Private Mortgage Insurance is insurance to protect the lender in case you default on the loan.