MVU Episode 96: You Pay How Much Interest on A Mortgage?! Artwork

Money Vision U

The financial class you should have in High School. This is a podcast dedicated to teaching financial literacy to help you learn how to make, manage, and multiply your money so you can attain financial freedom.

All Episodes

Money Vision U

MVU Episode 96: You Pay How Much Interest on A Mortgage?!

February 22, 2023 • Stuart Berryhill

Many people hear they have a low interest rate, but don't realize how much money they are still sending as interest payments over the life of a mortgage. We are going to break down an amortization schedule with different scenarios showing how much interest is paid vs principal in those scenarios...and the numbers might surprise you.

Follow @moneyvisionu on Instagram and Tiktok