Submitted by TenDogsInATrenchcoat t3_126nqo7 in personalfinance
WingZombie t1_jeacwko wrote
Look up amortization tables or calculators. It's depressing and why shorter term mortgages and paying extra on principal is important. I've always made extra principal payments every month to drive that interest number down. Keep in mind that your currency devalues constantly as well. With the dollar it's typically been that it's value is cut in half about every 15 years or so, but your payment never changes so that works in your favor.
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