Reduce Interest and Ouicken The Payoff - 10/01/07 09:13 PM
It does not take long to check out your amortization program and see how easy it is to pay down your loan balance.  There are many programs to show you how to save a ton of money and many months of payments.
Lets take a look at the amortization schedule on a new loan with a balance of $ 175,000.00 @ 6% term 360 months and a principal and interest payment of $1049.21. 
                    Payment                     Interest               Principal
     # 1         $ 1,049.21              $  875.00              $    174.21
        2                 "                        874.13                   175.08
        3                "                         873.25                   175.96
        4                "                         872.37                   176.84
        5                "                         871.49                   177.72
It is easy to see that # … (0 comments)