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Tom owns a $160,000 home, for which he has a 30-year mortgage in the amount of $900 a month. Once he has paid off the mortgage, how much will he have paid in interest?
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Tom owns a $160,000 home, for which he has a 30-year mortgage in the amount of $900 a month. Once he has paid off the mortgage, how much will he have paid in interest?

Tom owns a $160,000 home, for which he has a 30-year mortgage in the amount of $900 a-example-1
User Bowofola
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2 Answers

4 votes
164,000 in interest
User ZHAO Xudong
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7.9k points
5 votes

A he will pay $164,000

User Melynda
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6.6k points
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