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You apply for a mortgage loan on a $120,000 condo using 80% loan-to-value. Going interest rates are 4.00%, but after thoroughly surfing the net, you

You apply for a mortgage loan on a $120,000 condo using 80% loan-to-value. Going interest rates are 4.00%, but after thoroughly surfing the net, you find a lender to grant you a loan at 3.25%. and jump on it. Its a 30-year loan paid monthly. How much interest would you save during the first 10 years of the loan now that youve found the lower interest rate?

I got 10,311.37

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