J Jenna Member Dec 13, 2011 #1 To pay less interest for a $120,000 mortgage a 15-year fixed rate 9% loan is more economical than a 30-year 9.5 loan is more economical. How much is saved in interest? (Round to the nearest thousand dollars)
To pay less interest for a $120,000 mortgage a 15-year fixed rate 9% loan is more economical than a 30-year 9.5 loan is more economical. How much is saved in interest? (Round to the nearest thousand dollars)