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Thanks for the reply. The reason I was asking this is we are about to
buy a fourplex and are wondering if we should pay the profits into
paying down the loan or should we just pay the minimum. If the
property appreciates decently, we'd like to sell out after a few
years and buy an apt building.

Anyway, it looks like, from your discussion, the amount in my
"extreme example" would be more like $1001, not $1 and change, since
the amortization schedule is set for at least the first couple of
months. If we wanted to pay down interest quickly, we'd need to get
an ARM and carefully consider the "reset rate", otherwise, we shouldn't
bother.

Thanks again.
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