Viewing profile — sidjun
sidjun
HN member- Joined
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About sidjun
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Comment #21583931
Most of the time, the total interest paid is included in the amortization plan. It's also easy to figure out. Using my example, the exact payment was $536.82. $536.82x12x30=$193,25…
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Comment #21583747
Let's break this down with a simple example: You get a 30yr mortgage for $100,000 at 5% If you paid $0 on principal your first year, the interest would be $100,000x0.05=$5000 Make …