Sentences with phrase «less total interest»

Because borrowers pay less total interest on the 15 - year fixed rate mortgage, they lose the maximum mortgage interest tax deduction.

Because you'll pay less total interest on the 15 - year fixed - rate mortgage, you won't have the maximum mortgage interest tax deduction possible.

Not only with lower monthly payments, but also less total interest paid over the life of the loan.

My 4 year old will tell you that if you apply more money towards you debt, it's paid down dramatically faster with less total interest paid.

You'll pay less total interest compared to a 30 - year mortgage.

Not only with lower monthly payments, but also less total interest paid over the life of the loan.

The payment plan is a little long but reasonable and we can you have the option to pay more and finish payments earlier with less total interest.

That means you'll end up paying less total interest on your loans.

However, if you are earning more now than you were when you purchased the vehicle, you could shorten your loan term and pay less total interest.

For federal student loan repayment plans, generally if you make higher repayments each month (i.e. prepay), less total interest will accrue, potentially resulting in significant savings over the life of the loan.

While calculating this can be complex when compound interest is factored into the equation, it essentially boils down to this: the more you pay toward your principal each month, the less total interest you will pay.

There is an exceptionally common error about mortgage payment frequency out there that also appears in WLR, «The more frequent your mortgage payments, the less total interest you will pay over the length of your mortgage.»