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 fewyears 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, sincethe amortization schedule is set for at least the first couple ofmonths. If we wanted to pay down interest quickly, we'd need to getan ARM and carefully consider the "reset rate", otherwise, we shouldn'tbother.Thanks again.
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