Saturday, September 20, 2008

Our first interest payment

We made our first interest payment on the loan about 10 days ago, it was just under $700. The loan is about 114,000, which includes the remainder of the lot loan we took out about 2 years ago, the closing costs (which the bank rolled into the loan), and the first draw (though the interest on that should have only accumulated for a couple of days?).

Next months payment should be similar, since the second draw isn't for that much.

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