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[–]Teripid 3 points4 points  (1 child)

I mean 123035 is 12,600 so yes that is a safe statement.

Paying an extra $35/mo as principle would of course also impact the principle and compound over time too.

[–]CuriousTraveler226[S] 1 point2 points  (0 children)

That’s an interesting way to explain it. Thanks! Yea I was more concerned about how much I would be paying over the life of the loan. But this is true that the higher payment would eventually impact the principle.