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    pilaso7's Avatar
    pilaso7 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 24, 2007, 10:57 AM
    What rate am I paying
    How can I figure out what rate I'm paying on my mortgage? My original loan was for 165K, for 30years, my monthly payment is $1267.
    Lowtax4eva's Avatar
    Lowtax4eva Posts: 2,467, Reputation: 190
    Ultra Member
    		  
    #2

    May 24, 2007, 11:13 AM
    I don't 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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    May 24, 2007, 12:22 PM
    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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