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You take out standard 30-year mortgage with fixed monthly payments to purchase your house. The mortgage...

You take out standard 30-year mortgage with fixed monthly payments to purchase your house. The mortgage is for $250,000 with a nominal annual rate of 4.6% (Monthly compounding). Each month, you send in a check for $1,403.81, which is above the required payment, where the excess payment directly reduces the outstanding balance each month. What portion of your payments in months 25-36 go towards interest?

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Please find above image in column total how much amount of interest you will be paying during the month from 25-36 in the loan tenor. The total of $10,860.75 goes towards the interest in the month 25-36.

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