Where every dollar of a mortgage payment goes
All sources
In one paragraph
Amortize relies on the Consumer Financial Protection Bureau, the IRS, HUD and Freddie Mac for every factual statement. The full list is below.
Last reviewed against the primary sources listed below.
Updates
Tax pages are re-checked each year when the IRS updates its publications.
Primary sources
- CFPB: What is amortization? (explained with an auto loan example)
- CFPB: What is a prepayment penalty?
- CFPB: Closing Disclosure explainer
- CFPB: Loan Estimate explainer
- CFPB: Help for homeowners behind on payments
- IRS Publication 936: Home Mortgage Interest Deduction
- IRS: About Form 1098, Mortgage Interest Statement
- HUD: Find a HUD-approved housing counselor
- Freddie Mac: My Home, owning