I checked our amortization schedule. Here are some details at 10 years:
Original Bond Amt: $23,483
Balance After 10 years: $19,042
Payments for 10 years: $16,167
Principle Paid after 10 years: $4,441
Administrative Charges paid after 10 years: $970
Interest paid after 10 years: $10,756
Quote:
Originally Posted by willbush
We noticed most payments early on was on interest so we paid ours off as we don't plan to move and are very happy not paying someone interest.
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