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