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A 10/20 interest Only fixed mortgage, 100k at 6% with two points. Interest is payed for the loans first 10 years and the loan balance
A 10/20 interest Only fixed mortgage, 100k at 6% with two points. Interest is payed for the loans first 10 years and the loan balance is amortized over last 20 years of the mortgage. What would a amortization table look like? How much interest is payed in year 11 of the loan?
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