ilmscore | Prediction Details
"This is the amortization schedule of a $400,000 mortgage at 7% a year. And what you'll see is that in year 1, $27,000, almost 28 grand of your mortgage payments are going directly in interest into your banker's pocket, while only $4,000 is going as principal to actually pay down the value of your house. And it isn't all the way until you're 21 where the majority of your payment is going to principal as opposed to interest."
By Minority Mindset | September 9, 2025 | Pending
From video
Give Me 43 Minutes... I’ll Show You the $1M Game Plan No One Teaches 00:11:50 - 00:12:14
Interpreted Prediction
In the early years of a 7% mortgage on $400,000, a significant majority of the payment (over 85% in year 1) goes towards interest, with only a small portion reducing the principal.

Prediction Details

Topic
Mortgage Amortization

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