I have a Rental property with these stats:
Loan: $570,000 @ 3.5%
After 8 years, loan is @ $470,000.
Approximate interest paid after 8 years $146,501
Total interest to be paid after 30 years on a $570,000 loan @ 3.5% is $351,440.
So if I continue paying for 22 more years I will pay (351,440 -...