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Joe Levi bought a home in Arlington, Texas, for $ 1 5 0 , 0 0 0 . He put down 2 5 % and

Joe Levi bought a home in Arlington, Texas, for $150,000. He put down 25% and obtained a mortgage for 30 years at 6 & 1/8%. What is the difference in interest cost if he had obtained a mortgage rate of 5 & 1/2%?
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