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FreddieMac reports a 30-year fixed rate mortgage at 4.9%, a 20-year mortgage at 4.75% and a 15-year mortgage at 4.50%. If you want to finance

FreddieMac reports a 30-year fixed rate mortgage at 4.9%, a 20-year mortgage at 4.75% and a 15-year mortgage at 4.50%. If you want to finance a $218,000 home, how much interest will you save if you refinance your loan for 15 years compared to 30 years?

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