Term varies based on principal amount borrowed. (cefcu.com)
When you make your mortgage payments each month, some of the payment will go toward interest, and some of it will go to reduce the principal amount you borrowed. (homebuyinginstitute.com)
The principal amount borrowed is $ 20,000 and the monthly income is $ 3,333 or $ 40,000 annually. (growingfamilybenefits.com)