Because of the amortization schedule, the payments at the end are more principal than interest.

Then, look at how much principal you are paying before the refi.  

Approximately $763 monthly principal and interest payments on 130k with 15% down.With 20% down the par no points paid rate would be 6.875% as of today for a 30-year fixed conventional investment mortgage.

It's easily $85,000 smackers just to buy the property and you get 7% interest so your monthly payment on $320,000 principal is $2,129 plus taxes and insurance.

Its principal and interest is $2047.

Well the other day i noticed still no update,  and the extra i have been paying towards principal has been being taken as a service fee. 

Jorge Newberry is the principal and a very good guy from my experience.

When I put in chat GPT how much I would save with a 10k principal payment, it said 83k saved on interest, and 6 years.  

Or, on a monthly principal, interest, taxes, and insurance of $1,750.

Assuming I owner finance and balloon in 5 years but amortized over 30yrs this is what GPT came up with after punching in some numbers.IncomeAnnual Gross Rent: $77,400ExpensesInsurance: $4,800/yearTaxes: $2,772/yearMaintenance: $4,800/yearOperating Expenses (excl. debt): $12,372/yearDebt ServiceInterest: $33,960/yearPrincipal: $9,648/yearTotal Debt Service (Principal + Interest): $43,608/yearNet Operating Income (NOI)77,400−12,372=65,02877,400 - 12,372 = 65,02877,400−12,372=65,028NOI = $65,028/yearPerformance MetricsCap Rate (on $800K value): 8.13%Cash Flow (after debt service): $21,420/year (~$1,785/month positive)DCR (with full debt service): 1.49 (healthy)SummaryWith debt fully accounted for (interest + principal), the property still cash flows positively at $21.4K/year.