Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

What you can do: Plug different loan terms into a mortgage calculator to learn how much ... how much interest you'll pay each month. As your balance goes down, so does the interest you pay.