Steven purchased a home and borrowed $250,000 to finance his home. He took a 30 year loan at an annual rate of 6%. Mortgage will be paid off monthly. Assuming no refinancing or early payoff of the loan, how much total interest will he pay towards this loan? $217,946.70 $647,514.47 $653,840.20 $353,840.20 $347,514.57 $179,865.00

Steven purchased a home and borrowed $250,000 to finance his home. He took a 30 year loan at an annual rate of 6% Mortgage will be paid off monthly. Assuming no refinancing or early payoff of the loan, how much total interest will he pay towards this loan? $217,946.70 $647,514.47 $653,340.20 $353,840,20 $347,514.57 $179,865.00