For a long-term home loan, such as 30 years, the amount of principal you pay on your loan during the first few years is quite small.

Question

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In the early years of a long-term home loan, such as a 30-year mortgage, the majority of the monthly payments are allocated towards paying the interest on the loan rather than reducing the principal amount. This means that the amount of principal paid off in the initial years is relatively small.

For a Long-Term Home Loan, Such as 30 Years, the Amount