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The Water Cooler
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Money, money, money
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<blockquote data-quote="aarondhgraham" data-source="post: 4066133" data-attributes="member: 13337"><p>I'm not certain what you mean by that,,,</p><p>My interest remains the same from the first payment to the final payment.</p><p></p><p>At least that is what has happened for the first 19 of 60 payments,,,</p><p>I know because I actually read the statements I receive every month from Hyundai.</p><p></p><p>On a mortgage, most of them anyways,,,</p><p>As the principle of the original loan goes down,,,</p><p>The amount of the "fixed" payment remains the same,,,</p><p>And a tiny bit more of that payment amount goes towards the principle.</p><p></p><p>So I'm not at all sure what you mean.</p><p></p><p>Aarond</p><p></p><p>.</p></blockquote><p></p>
[QUOTE="aarondhgraham, post: 4066133, member: 13337"] I'm not certain what you mean by that,,, My interest remains the same from the first payment to the final payment. At least that is what has happened for the first 19 of 60 payments,,, I know because I actually read the statements I receive every month from Hyundai. On a mortgage, most of them anyways,,, As the principle of the original loan goes down,,, The amount of the "fixed" payment remains the same,,, And a tiny bit more of that payment amount goes towards the principle. So I'm not at all sure what you mean. Aarond . [/QUOTE]
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