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Personal Finances / Buying or Selling a Home
|Subject: Re: mortgage interest question, basic||Date: 4/17/2000 8:16 PM|
|Author: yFool||Number: 10659 of 127815|
it all clicked in place.
thanks for your replies.
for some reason, i thought that payments and interest would each be held constant in a loan.
silly me--it's the interest rate and the sum of interest and principal that's constant. therefore the principal must be quite low in the beginning.
it's just sort of frightening seeing how high those initial interest payments are...
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