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How to pay off mortage in 10 years
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Icon Mini Profile jsmith



Joined: 22 Jul 2008

Posts: 2



1.71 Dollars($)
PostPosted: Tue Jul 22, 2008 8:04 pm    Post subject: How to pay off mortage in 10 years
If my loan is $180,000 at a interest rate of 6.5 percent. How much do I need to pay on the prinicipal to be paid off in 10 years
 
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Icon Mini Profile Niicss
Niicss


Joined: 03 Oct 2005

Posts: 1047



156.15 Dollars($)
PostPosted: Wed Jul 23, 2008 3:24 am    Post subject:
Welcome jsmith.

If you want to pay off the loan in 10 year then you will need to pay $2043.86/month. Let me know if you have any further queries.
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