Month | Interest Paid | Principal Paid | Balance |
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1 | $866.67 | $1,381.87 | $318,618.13 | 2 | $862.92 | $1,385.62 | $317,232.51 | 3 | $859.17 | $1,389.37 | $315,843.14 | 4 | $855.41 | $1,393.13 | $314,450.01 | 5 | $851.64 | $1,396.90 | $313,053.11 | 6 | $847.85 | $1,400.69 | $311,652.42 | 7 | $844.06 | $1,404.48 | $310,247.94 | 8 | $840.25 | $1,408.29 | $308,839.65 | 9 | $836.44 | $1,412.10 | $307,427.55 | 10 | $832.62 | $1,415.92 | $306,011.63 | 11 | $828.78 | $1,419.76 | $304,591.87 | 12 | $824.94 | $1,423.60 | $303,168.27 | Summary of Year 1 Total spending: 26,982.48 Total interest: 10,150.75 Total principal: 16,831.73 |
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