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Home > Money & Services > Banking   »   What rate am I paying

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Old May 24, 2007, 09:57 AM
pilaso7
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What rate am I paying
How can I figure out what rate im paying on my mortgage? My original loan was for 165K, for 30years, my monthly payment is $1267.

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Old May 24, 2007, 10:13 AM   #2  
Lowtax4eva
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I dont know anything about mortgages but your paying 0.7 % of the home's value per month, almost 60% of your actual payment is interest...

I would like to check back and see if anyone can anser if this is normal?
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Old May 24, 2007, 11:22 AM   #3  
ScottGem
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Your APR should be in your paperwork or just ask your lender. My mortgage statements include the interest rate. The $1267, does that include escrow payements or is it just principal and interest?
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