Ever wondered how much principal and interest you pay each year? This calculator gives you a clear breakdown of how this will be worked out over the course of your mortgage.
The amount of interest you pay on a loan or are paid for an investment, usually expressed in a percentage.
Glossary: equity
The amount you would get if you sold an asset and paid back any money you owed on it. For example, if you have a house worth $350,000, and a $300,000 mortgage, your equity in your house is $50,000.