Simple Mortgage Calculator

Simple Mortgage Calculator

Clean and Mobile-friendly.

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What's a Mortgage?

In simple terms, a mortgage is a loan in which your house functions as the collateral. The bank or mortgage lender loans you a large chunk of money (typically 80% of the price of the home), which you must pay back—with interest—over a set period of time. If you fail to pay back the loan, the lender can take your home through a legal process known as foreclosure.