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Can someone help me with mortgage math?
Can someone help me with mortgage math? If our original loan amount is $146,000 at 7.625% rate for 30-yr fixed. P&I payment is $1034 Escrow is $481 Total is $1515 but we pay $1600, with the extra $85 going towards principal How much money do we save if we put down $50,000 towards principal right now? How about if we put $75,000 towards principal? Does it save us money, how many mont...
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