How is interest applied on an RV loan?
When you take out a 10 year RV loan, is the interest spread out equally across all the payments or is it mostly paid up front like a home mortgage?
Forum Discussion
If you take your balance times your interest rate divide by 365 days in the YR and multiple by how many days in the billing cycle that is the interest for the month you will know how much of your payment is interest and what goes on principle.
