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Ken is financing a $355,000 mortgage for 30 years at a fixed rate of 7.55% what is the total cost of the principal and interest after 30 years

Ken is financing a $355,000 mortgage for 30 years at a fixed rate of 7.55% what is the total cost of the principal and interest after 30 years
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Ken is financing a $355,000 mortgage for 30 years at a fixed rate of 7.55% what is the total cost of the principal and interest after 30 years

User Yakusha
by
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1 Answer

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So over 30 years (or 30*12 = 360 months) you will have paid 2494.38*360 = $897,976.80
User Benjamin Lowry
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