How much does your home really cost?

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If you finance with a 15-year mortgage or 30-year mortgage, the amount you pay for the same home can be very different due to interest charges.

Here’s your question: If you financed $100,000 at current interest rates to buy a home how much more would you pay in interest with a 30-year loan (5%APR) over a 15-year (4%APR) loan?







To help you decide which mortgage would work best for you, learn more about their pros and cons at BankRate.com.

 

Source: BankRate.com

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