@S7ngod - maybe you misunderstood - the numbers in my table of 12 months were BALANCES.... not payments... There is nothing in the original question nor my response that had to do with 'payments', It's all about balances. The information provided by @billab914 only stated what his balances were and I only responded with balance information. I didn't add the '000' ... also, that mortgage on the home that was sold, was outstanding for 3 months and has to be part of the average that way.
Can you please go back and read the original thread? one of us had really read it incorrectly,
Balances: (I estimated these but it shouldn't materially change the answer of $788,000 average balance)
Jan: $255,000
Feb: $253,000 + $800,000
March: $251,000 + $798,000
April : $796,000
May: $794,000
June: $792,000
July: $790,000
Aug: $788,000
Sept $787,000
Oct: $786,000
Nov.: $785,000
Dec: $784,000
assuming $788,000 is the average for the year, then only $750,000 / $788,000 or 95% of the interest is tax deductible.
