Money Vision U

MVU Episode 96: You Pay How Much Interest on A Mortgage?!

February 22, 2023 Stuart Berryhill
MVU Episode 96: You Pay How Much Interest on A Mortgage?!
Money Vision U
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Money Vision U
MVU Episode 96: You Pay How Much Interest on A Mortgage?!
Feb 22, 2023
Stuart Berryhill

Many people hear they have a low interest rate, but don't realize how much money they are still sending as interest payments over the life of a mortgage. We are going to break down an amortization schedule with different scenarios showing how much interest is paid vs principal in those scenarios...and the numbers might surprise you.

Follow @moneyvisionu on Instagram and Tiktok

Show Notes

Many people hear they have a low interest rate, but don't realize how much money they are still sending as interest payments over the life of a mortgage. We are going to break down an amortization schedule with different scenarios showing how much interest is paid vs principal in those scenarios...and the numbers might surprise you.

Follow @moneyvisionu on Instagram and Tiktok