Articles tagged Amortisation
One article tagged Amortisation, newest first, on technology, money and the internet.
- Lending4 min read
Your first mortgage payment is 81% interest, and nobody tells you
On a 250,000 loan at 5.5% over 30 years, the first payment puts 273.64 against the debt and 1,145.83 into the lender's pocket. Here is why amortisation front-loads interest, what the total actually comes to, and what an extra 200 a month is worth.