You Are Considering the Purchase of a Home That Would

question 25

Multiple Choice

You are considering the purchase of a home that would require a mortgage of $150,000.How much more in total interest will you pay if you select a 30-year mortgage at 5.65% rather than a 15-year mortgage at 4.9%? (Round the monthly payment amount to 2 decimal places.Both interest rates are compounded monthly.)

• A)$86,311.18
• B)$78,487.92
• C)$99,595.80
• D)$102,486.68

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A licensed healthcare professional specializing in the care of individuals, families, and communities to attain, maintain, or recover optimal health and quality of life.