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You are looking to buy a home. The home is selling on the market for $485,000. You have $105,000 to make for a down payment.

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You are looking to buy a home. The home is selling on the market for $485,000. You have $105,000 to make for a down payment. Given a jumbo mortgage rate of 4.25% for the prime rate plus an additional premium for being a sub-prime borrower, you will pay an interest rate of 5.75% over the 30 year mortgage. How much total interest will you pay on this mortgage

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