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Joe Levi bought a home in Arlington Texas for 1 4 8 , 0 0 0 . He put down 2 0 % and obtained

Joe Levi bought a home in Arlington Texas for 148,000. He put down 20% and obtained a mortgage for 30 years at 6.125%. What is the difference on the cost if he wouodl have obtained a 5.5%rate ?

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