1 100 Minecraft Getting Story-Driven Series from Telltale GamesMinecraft: Story Mode -- A Telltale Game Series coming in 2015 to consoles, PC, and mobile devices.
After closing, your first mortgage payment comes due one full month after the last day of the month in which your mortgage closed. Using the April example again, if you close April 15 or April 29, your first mortgage payment is due on June 1.
On a loan of $100,000 and an interest rate of 6%, total interest payments amount to $115,832. On the simple interest version of the same mortgage, assuming you pay on the first day of every month, you pay off in 10,990 days, or 41 days later than with the standard mortgage.he major difference between a standard mortgage and a simple interest mortgage is that interest is calculated monthly on the first and daily on the second. Consider a 30-year loan for $100,000 with a rate of 6%.