The answers given are correct. I note that a "loan payment" could include other items such as impounded funds for insurance, property taxes, etc. You would report each component separately. There should be an impound statement that shows how much was paid out of the account for these expenses. Also, check to see if you have a Form 1098 from the lender, which you should have. It will show interest expense, also other items such as property taxes if there is an impound.
