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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: 4%


Monthly payments:

monthly payment | $955\neffective interest rate | 4.074%


Mortgage totals:

principal paid | $200000\ntotal interest paid | $143739\ntotal payments | $343739 |


Payments table:

year | monthly payment | ending balance | yearly principal paid | yearly interest paid\n1 | $955 | $196478 | $3522 | $7936\n2 | $955 | $192812 | $3666 | $7792\n3 | $955 | $188997 | $3815 | $7643\n4 | $955 | $185027 | $3970 | $7488\n5 | $955 | $180895 | $4132 | $7326\n6 | $955 | $176595 | $4300 | $7158\n7 | $955 | $172119 | $4476 | $6982\n8 | $955 | $167461 | $4658 | $6800\n9 | $955 | $162613 | $4848 | $6610\n10 | $955 | $157568 | $5045 | $6413\n11 | $955 | $152317 | $5251 | $6207\n12 | $955 | $146852 | $5465 | $5993\n13 | $955 | $141165 | $5687 | $5771\n14 | $955 | $135246 | $5919 | $5539\n15 | $955 | $129086 | $6160 | $5298\n16 | $955 | $122674 | $6411 | $5047\n17 | $955 | $116002 | $6672 | $4786\n18 | $955 | $109058 | $6944 | $4514\n19 | $955 | $101830 | $7227 | $4231\n20 | $955 | $94309 | $7522 | $3936\n21 | $955 | $86481 | $7828 | $3630\n22 | $955 | $78334 | $8147 | $3311\n23 | $955 | $69855 | $8479 | $2979\n24 | $955 | $61030 | $8824 | $2634\n25 | $955 | $51846 | $9184 | $2274\n26 | $955 | $42288 | $9558 | $1900\n27 | $955 | $32341 | $9947 | $1510\n28 | $955 | $21988 | $10353 | $1105\n29 | $955 | $11214 | $10775 | $683\n30 | $955 | $0 | $11214 | $244

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