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Old 05-21-2004, 09:58 PM
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Kissy Kissy is offline
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Join Date: May 2001
Location: OR
Posts: 530
Quote:
Originally posted by Irish
P.S.You would be suprised at how much of your payment is interest!


This is the time of year that our taxes on our house come out of our escrow account and then we get a summary of our mortgage. We've lived here for about 2 1/2 years. We pay $630 a month on our mortgage. Guess how much equity we have in our home.....
$800!!! I thought I understood that most of the money goes on interest, but I had no idea just how much does!

And I can't think of the last big purchase but I'm going to just make a guess that it was for the kids since that's about the only time we can rationalize spending very much! Well and we've been so broke for so long now! Lol
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