Computing...

Input information:

fixed rate mortgage |  \nloan amount | $150000  (US dollars)\nannual percentage rate | 6.5%\nloan period | 30 years


Monthly payments:

monthly payment | $948\neffective interest rate | 6.697%


Mortgage totals:

principal paid | $150000\ntotal interest paid | $191317\ntotal payments | $341317 |


Payments table:

year | monthly payment | ending balance | yearly principal paid | yearly interest paid\n1 | $948 | $148323 | $1677 | $9701\n2 | $948 | $146535 | $1789 | $9588\n3 | $948 | $144626 | $1909 | $9469\n4 | $948 | $142589 | $2037 | $9341\n5 | $948 | $140416 | $2173 | $9204\n6 | $948 | $138098 | $2318 | $9059\n7 | $948 | $135624 | $2474 | $8904\n8 | $948 | $132985 | $2639 | $8738\n9 | $948 | $130169 | $2816 | $8561\n10 | $948 | $127164 | $3005 | $8373\n11 | $948 | $123958 | $3206 | $8171\n12 | $948 | $120538 | $3421 | $7957\n13 | $948 | $116888 | $3650 | $7727\n14 | $948 | $112994 | $3894 | $7483\n15 | $948 | $108839 | $4155 | $7222\n16 | $948 | $104405 | $4433 | $6944\n17 | $948 | $99675 | $4730 | $6647\n18 | $948 | $94628 | $5047 | $6330\n19 | $948 | $89243 | $5385 | $5992\n20 | $948 | $83498 | $5746 | $5632\n21 | $948 | $77368 | $6130 | $5247\n22 | $948 | $70827 | $6541 | $4836\n23 | $948 | $63848 | $6979 | $4398\n24 | $948 | $56401 | $7446 | $3931\n25 | $948 | $48456 | $7945 | $3432\n26 | $948 | $39979 | $8477 | $2900\n27 | $948 | $30934 | $9045 | $2332\n28 | $948 | $21284 | $9651 | $1727\n29 | $948 | $10987 | $10297 | $1080\n30 | $948 | $0 | $10987 | $391

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