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?

Attention: multiple personality disorder here!

To calculate the difference in interest payment on a $195,000 home with a 20% down payment and remaining financed with a 30-year mortgage at different interest rates, we need the specific interest rates.

However, you mentioned a missing interest rate in your question. Please provide the interest rate for the second mortgage option so that we can perform the calculation for you.