I do not own a home but I am just wondering how capital gains work on a house which is not completely owned by me?
For example if I bought a house for 100k and I did put 20%(20k) down to buy that house. So bank has ownership of rest of the 80% of house and I am on 30 years mortgage. Now, if the price of the house becomes 200k next year and I sell it
what portion of that extra 100k profit would I get since bank since owns a significant portion of the purchase price?