> Prepayment: For those who repay your mortgage early, you’ll not must pay a penalty. **You will need to pay all accrued unpaid curiosity and different prices and charges due earlier than a fee is utilized to the mortgage’s principal stability.**

I am confused on the final half.

The finance cost (I assume that is the rate of interest from amortization) reveals up as about $2k. If I repay earlier by paying extra every month, I find yourself paying about $800 in curiosity, saving about $1,200.

Would this imply I’m on the hook for the opposite $1,200 in curiosity prices?



View Reddit by SeattleCoffeeRoastView Supply

LEAVE A REPLY

Please enter your comment!
Please enter your name here