HOMELOANS
BY
COMPARISON OF AMOUNT OF INTEREST PAID
This graph clearly shows that, although the periodic payments of principal and interest are greater during the term of the loan, the total amount of interest paid with an Accelerated Repayment Mortgage is the least (light blue).
For a Reducing Payment Mortgage, the total amount of interest paid is that shown as both light blueand medium blue.
For Equal Payment Mortgages, the total amount of interest paid is all of that shown in blue (light, medium and dark blue).
