Homeowners interested in finding how much of their monthly mortgage payments go to interest and how much to principal can find out for $3 from Amortization Schedules Inc., P.O. Box 40, Ramona, Calif. 92065.
According to the firm's Larry O'Connor, very few lenders supply such schedules these days. This isn't because of reluctance to send the information, but rather because the lenders' computers are busy performing other tasks, he added.
Amortization Schedules will even trust homeowners to send the $3 after they receive the computer-printed schedule. All O'Connor needs is the present balance, the next payment date, the interest rate of the loan and the monthly payment. A photocopy of the original note is also acceptable, he said.