Question

please help fast.Jack and Judy want to buy a new home. They will need to borrow $107,500 and the bank is offering two mortgage options. Mortgage A: 30 years at 6% with monthly payments of $644.52 and a total payback of $232,027.20 Mortgage B: 20 years at 5.75% with monthly payments of $754.74 and a total payback of $181,137.60 How much more interest will Jack and Judy pay with mortgage A?

Answer 1

Explanation:

No results found for please help fast.Jack and Judy want to buy a new home. They will need to borrow $107,500 and the bank is offering two mortgage options. Mortgage A: 30 years at 6% with monthly payments of $644.52 and a total payback of $232,027.20 Mortgage B: 20 years at 5.75% with monthly payments of $754.74 and a total payback of $181,137.60 How much more interest will Jack and Judy pay with mortgage A?.