Updated about 12 years ago on . Most recent reply
Take a look at my mortgage
My mortgage is $642.04.
Principal is $171.81.
Interest is $295.76.
Escrow is $174.47.
Interest rate is 3.5%
Does this interest cash amount each month seem crazy high? I thought I would be paying principal and interest around a similar amount. It's this just me being naive or is this a weird mortgage? Also, can someone explain how I can use my principal when trying to buy a property?