Will is buying a house for $185,000. He is financing $165,000 and obtained a 30-year, fixed-rate mortgage with?

a 6.725% interest rate. How much are his monthly payments?

Karen is financing a $ 285,000 mortgage for 30 years at a fixed rate of 7.15%. What is the total cost of the principal and interest after 30 years?

Archie is financing a condominium for $ 423,000. He gets a 30-year, fixed rate mortgage with a rate of 5.375%. How much interest will he pay over the life of his loan? Round to the nearest dollar.

Mercedes is debating between two different mortgages for $ 142,000. She found a 20-year fixed rate loan at 7.45% and 15-year fixed rate loan at the same rate. How much more interest will she pay for the 20-year loan versus the 15-year loan?

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