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Input interpretation:

fixed rate mortgage


Input values:

loan amount | $200000  (US dollars)\nloan period | 30 years\nannual percentage rate | 30-year fixed-rate mortgage: 3.8%


Monthly payments:

monthly payment | $932\neffective interest rate | 3.867%


Mortgage totals:

principal paid | $200000\ntotal interest paid | $135489\ntotal payments | $335489 |


Payments table:

year | monthly payment | ending balance | yearly principal paid | yearly interest paid\n1 | $932 | $196354 | $3646 | $7537\n2 | $932 | $192567 | $3787 | $7396\n3 | $932 | $188633 | $3933 | $7250\n4 | $932 | $184548 | $4086 | $7097\n5 | $932 | $180304 | $4244 | $6939\n6 | $932 | $175897 | $4408 | $6775\n7 | $932 | $171319 | $4578 | $6605\n8 | $932 | $166563 | $4755 | $6428\n9 | $932 | $161624 | $4939 | $6244\n10 | $932 | $156494 | $5130 | $6053\n11 | $932 | $151166 | $5328 | $5855\n12 | $932 | $145632 | $5534 | $5649\n13 | $932 | $139883 | $5748 | $5435\n14 | $932 | $133913 | $5971 | $5212\n15 | $932 | $127711 | $6202 | $4981\n16 | $932 | $121270 | $6441 | $4742\n17 | $932 | $114579 | $6690 | $4493\n18 | $932 | $107630 | $6949 | $4234\n19 | $932 | $100412 | $7218 | $3965\n20 | $932 | $92915 | $7497 | $3686\n21 | $932 | $85128 | $7787 | $3396\n22 | $932 | $77040 | $8088 | $3095\n23 | $932 | $68640 | $8401 | $2782\n24 | $932 | $59914 | $8726 | $2457\n25 | $932 | $50851 | $9063 | $2120\n26 | $932 | $41437 | $9413 | $1770\n27 | $932 | $31660 | $9777 | $1405\n28 | $932 | $21504 | $10156 | $1027\n29 | $932 | $10956 | $10548 | $635\n30 | $932 | $0 | $10956 | $227

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