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You are looking to buy a home for $200,000. You have gotten two different quotes for how you will finance the house. The first quote

You are looking to buy a home for $200,000. You have gotten two different quotes for how you will finance the house. The first quote is for a 30 year mortgage with a 4.8% interest rate. The second quote is for a 15 year mortgage with 3.8% interest rate. How much more interest would you pay if you selected the 30 year mortgage instead of the 15 year mortgage?

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