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Posted on Jun 06, 2024

Let's assume that a $355,000 monthly mortgage has a maturity of 20 years and an interest rate of 5.75% and a balloon payment of $25,000.

Let's assume that a $355,000 monthly mortgage has a maturity of 20 years and an interest rate of 5.75% and a balloon payment of $25,000. How much interest would you pay in the first 4 years?

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