Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a credit score of 700 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the remaining with a 30-year mortgage at 6% interest compared to a 30-year mortgage at interest?
To determine how much more interest you would pay on a $195,000 home with a 30-year mortgage at 6% interest compared to another interest rate, we need to know the specific interest rate. Please provide the second interest rate so that I can assist you further.
