House loans depend on a number of things including the price of the house, the amount of down payment, the term of the loan, the amount of each payment, the interest rate, the prepaid amount, the type of loan etc.

There are generally two types of mortgages that are available either fixed rate ones where the interest rate is fixed or adjustable rate mortgages where the interest rate remains constant for the first six months or one or three or five years and fluctuates based on the market rate for the rest of the term of the loan. Fixed rate mortgages can be for a term of ten years to thirty years but adjustable rate mortgages are for a fixed term of thirty years. If pre payments are made in a fixed rate mortgage the term of the loan goes down and in an adjustable rate mortgage the monthly payment reduces but the term remains the same.

There are generally two types of mortgages that are available either fixed rate ones where the interest rate is fixed or adjustable rate mortgages where the interest rate remains constant for the first six months or one or three or five years and fluctuates based on the market rate for the rest of the term of the loan. Fixed rate mortgages can be for a term of ten years to thirty years but adjustable rate mortgages are for a fixed term of thirty years. If pre payments are made in a fixed rate mortgage the term of the loan goes down and in an adjustable rate mortgage the monthly payment reduces but the term remains the same.