About the Instrument:
A mortgage is a long-term loan that helps you purchase a home while spreading payments over years. It typically involves fixed or variable interest, monthly installments, and collateral the house itself. Mortgage terms in the U.S. usually range from 15 to 30 years.

About the Calculator:
This tool helps you estimate your monthly payments, total interest, and overall cost of your home loan.

Disclaimer: These calculations are for general informational purposes only and do not constitute financial advice. For personalized investment decisions or loan planning, please consult a certified financial advisor or banking professional.