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Alex is comparing two mortgage opportunities for his potential $120,000 mortgage. Mortgage A: 15 years at 5% with monthly payments of $948.95 Mortgage B: 20

Alex is comparing two mortgage opportunities for his potential $120,000 mortgage.

Mortgage A: 15 years at 5% with monthly payments of $948.95

Mortgage B: 20 years at 5.5% with monthly payments of $825.46

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