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<p>[QUOTE="masterswimmer, post: 3413767, member: 102022"]Yes, the interest charges the month following the $10k principal payment would reflect the lower principal balance. </p><p><br /></p><p>I've pre-paid my principal every month from day one. I printed out my own amortization schedule based on my additional payments to compare to the lenders monthly statement and its been spot on.[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 3413767, member: 102022"]Yes, the interest charges the month following the $10k principal payment would reflect the lower principal balance. I've pre-paid my principal every month from day one. I printed out my own amortization schedule based on my additional payments to compare to the lenders monthly statement and its been spot on.[/QUOTE]
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