A mortgage refers to how much you owe the bank for a house. Usually, it is not the full price of the house, but it can be. Usually the mortgage is the price of the house minus the amount that you put down on the house.
Let me know if I can answer any other questions for you.
Just to add to what has been said. Most of the Buyer's my Team has been working with have used Down Payment Assistance Programs and they also ask the Seller's to pay all of their closing cost. They are getting into homes with $1,000 and then getting the $8,000 tax credit from the government. Between the Federal Government and local cities and counties, they are making it very realistic for people to get into homes and to try and turn the housing market around. One of the lenders is doing a Home Buyer seminar on Saturday morning from 10 to noon...August 8th near Park Meadows mall. If you're interested in attending this seminar let me know.
The Kinslow Team
Once the house has been deeded to you, there are other costs of home ownership. These include insurance, interest on the mortgage, maintenance, upkeep, moving costs and the like.
If you could clarify a bit, I'd be happy to help you!