The Motley Fool Discussion Boards

Previous Page

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 128371

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...

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us