You want to purchase a house in Glassboro for $200,000. You agree to pay 20% as a down payment and are offered a mortgage of 3.5% and a 30 year pay-back period. How much interest will you pay over the life of the loan? You may use a mortgage calculator, such as https://www.mortgagecalculator.org/ Links to an external site., to determine the answer.You want to purchase a house in Glassboro for $200,000. You agree to pay 20% as a down payment and are offered a mortgage of 3.5% and a 30 year pay-back period. How much interest will you pay over the life of the loan? You may use a mortgage calculator, such as https://www.mortgagecalculator.org/ Links to an external site., to determine the answer.

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Based on the given information the loan amount would be 200000 20 down payment 16... View the full answer