[uranium penguin]

And after 5 years or so.. When they go to refinance. They realize they have paid virtually nothing in principle.

[sipow]

Yeah - absolutely.

This just helps guarantee people are paying interest for the rest of their lives and getting nothing for it.

[lepton]

At 6%, it would be $3503.41 per hundred thousand of the loan paid after the first 5 years.
After 10 years, it would still be only $8228.98.