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re: Another question regarding paying down your mortgage...
Posted on 10/5/12 at 9:37 am to jguidroz
Posted on 10/5/12 at 9:37 am to jguidroz
quote:
Does that $1100 include taxes and insurance payments?
Yes. I am only paying about $230 in principal now, per $1,100 mortgage payment.
My point was the extra $1,000 I put toward the principal knocked off 4 months in payments, seeing as how I am still early in my loan, saving $4,400 over the next 30 years.
quote:
TheHiddenFlask
Yeah, count me in those who miss that point. I have a hard time understanding inflation/deflation.
Posted on 10/5/12 at 11:35 am to OnTheBrink
quote:
My point was the extra $1,000 I put toward the principal knocked off 4 months in payments, seeing as how I am still early in my loan, saving $4,400 over the next 30 years.
No, just no.
Open Excel and play with the mortgage calculator template.
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