Quote:
Originally Posted by biker1
Take a look at any amortization schedule. The majority of the interest is paid in the first half of the mortgage (and the bonds in The Villages). The interest is not evenly spread across all of the payments. That is what I mean by front loading. The amortization schedule for the bonds can be found on districtgov.org. You can pull up any number of amortization calculators on the internet that will show you the front loading of interest.
|
That's not front loading..................that is paying the appropriate amount of interest on the current outstanding balance. Wow!!
