Valued Contributor
Mike_B03
Posts: 1,146
Registered: ‎11-30-2012
Re: FHA Rules to change around March 31st on Mortgage Insurance!

The amount of interest you pay every month should change as the amount you owe on the loan deccreases. Paying 4.125% on $347,900 is going to be a lot different than paying 4/125% on $200,000. 

 

The amount that goes to principle should increase with every payment and the amount that goes towards interest should decrease, see this amortization calculator here: http://bretwhissel.net/cgi-bin/amortize