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On a mortgage, what’s the difference between my principal . . .  
The principal and interest payment on a mortgage is probably the main component of your monthly mortgage payment. The principal is the amount you borrowed and have to pay back, and interest is what the lender charges for lending you the money. . For most borrowers, the total monthly payment you send to your mortgage company includes other things, such as homeowners insurance and taxes that may . . .   more



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