🏡 How Does a Mortgage Actually Work? Let's Break It Down!
Imagine you buy a house for $400,000. Here's how the numbers could look: 💰 House price: $400,000 💵 Down payment (20%): $80,000 🏦 Mortgage loan: $320,000 📊 Interest rate: 6.5% ⏳ Loan term: 30 years Your monthly principal + interest payment would be approximately...