Below is actual financial documents of a 0.0625% 30 year fixed interest rate through Citi Mortgage Jen & I obtained.
In this first document, this is the total yearly interest we paid on 12 mortgage payments. The total interest was $227.95. There is no need to write off interest on filing taxes, as we essentially pay none
This is a copy of our year end statement from 2016. As you can see total principle(equity) applied is $11,601.23, total interest on 12 payments is $209.25. This is what you call Instant Equity.
This is a yearly mortgage amortization chart. As you can see total interest with our 0.0625% rate over 30 years amortized is: $3,140.96. In my mind, this is essentially nothing. This should be over $280,000+
This simply shows the Mortgage Details. Our original loan balance of $382,941 with the 0.0625% 30 year fixed rate.
This is a list of every single payment we have made to date on our loan. Escrow is out property taxes & home owners insurance.