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Updated almost 11 years ago on . Most recent reply

Justin Calmes's profile image
Justin Calmes's profile image
Justin Calmes
  • from Albany, Louisiana
  • Member since Jan 5, 2014
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Justin Calmes's profile image
Justin Calmes's profile image
Justin Calmes
  • from Albany, Louisiana
  • Member since Jan 5, 2014
Connect
Justin Calmes
  • Albany, LA
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Real Estate Deal Analysis & Advice

Take a look at my mortgage

Justin Calmes
  • Albany, LA
Posted

My mortgage is $642.04.

Principal is $171.81.

Interest is $295.76.

Escrow is $174.47.

Interest rate is 3.5%

Does this interest cash amount each month seem crazy high? I thought I would be paying principal and interest around a similar amount. It's this just me being naive or is this a weird mortgage? Also, can someone explain how I can use my principal when trying to buy a property?

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