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Updated over 5 years ago on . Most recent reply

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2
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Max Chase
  • Investor
  • Florida
0
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2
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Question about Interest Payments on FRM

Max Chase
  • Investor
  • Florida
Posted

Purchasing a commercial property with a fixed rate, 5 year term loan, 20-year AM. On the AM schedule the interest payments hop up and down, the principal payments due too, while the total amount paid per month remains the same. I have only ever seen the principal getting higher and interest getting lower on an amortizing fixed rate mortgage. Any clues before I circle back to the lender?

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