For
example, if you still owe $165,786
on your loan, than that would
be your principal. If you pay
say $1,234 on that loan per
month, that would be your monthly
mortgage payment, and the rate
that you were given when you
originally received the loan.
Example 6%, 7.75%, 9.25%, etc...
This is also a great tool to
test future potential loan scenarios.
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