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Joseph Mobely has a 30-year fixed-rate home mortgage for $134,477. He paid no points or up-front fees, but he must make monthly principal and interest
Joseph Mobely has a 30-year fixed-rate home mortgage for $134,477. He paid no points or up-front fees, but he must make monthly principal and interest payments of $904. Assuming he holds the loan to maturity, how much in total interest charges will he pay over the life of the loan? Enter your number with no symbols or decimals places. For example, $18,000 should be entered as 18000.
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