You apply for a mortgage loan on a $270,000 condo using 80% loan-to-value. Going interest rates are 5.25%, but after thoroughly surfing the net, you find a lender to grant you a loan at 4.75%. 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?