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A comment on U of Chicago projected to be the first U.S. university to cost $100k per year. Parent comment

Re:U of Chicago projected to be the first U.S. university to... by mhb on Monday November 04, 2019 @05:48PM (#21447498)
> Even the amortization schedule is weighted to benefit the banks.

Can you explain this or say what the alternative amortization schedule might be? In a normal mortgage, the initial payments are more interest because you're paying interest on more principal.

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Re:U of Chicago projected to be the first U.S. university to... by chimi on Monday November 04, 2019 @06:00PM (#21447612)
You got it already! Imagine if most of that first payment went to the buyer's equity instead of interest.
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Re:U of Chicago projected to be the first U.S. university to... by DuskStar on Monday November 04, 2019 @06:03PM (#21447641)
Then the first payment would have to be much larger, because the amount going to interest is determined solely by the interest rate and principal.
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Re:U of Chicago projected to be the first U.S. university to... by nradov on Monday November 04, 2019 @06:31PM (#21447906)
You're always free to make additional equity payments. Modern mortgages don't have prepayment penalties.
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