Question
I have been considering refinancing my house.To do so, I will need to borrow $300,000. The loan period is 30 years and payments are made
I have been considering refinancing my house.To do so, I will need to borrow $300,000. The loan period is 30 years and payments are made monthly. Several months ago I could have gotten a loan at 3% APR, but today the APR is 4%.How much additional interest will I pay over the life of the loan because of the interest rate increase?
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Get StartedRecommended Textbook for
Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
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