Of our total monthly payment
$7,700
$5,770 goes toward the principal amount
$2,000
goes toward
the interest amount therefore every time we pre-pay the principal
amount
for the month ahead, we will save the church
the entire amount of
interest that would have been due.
By
bringing up the bottom line
we will bring down the total interest paid;
the ends will meet somewhere in between--
thousands of dollars ahead of time!