Finance Math

Quicken Loans reports a 30-year fixed rate mortgage at 4.9%, a 20-year mortgage at 4.75% and a and a 15-year mortgage at 4.50%. If you want to finance a $218,000 home, how much interest will you save if you refinance your loan for 15 years compared to 30 years?

asked by Heyhi
  1. This is very similar to the other two questions I have answered for you.

    You did not respond to either one, so can I know if you understand this type ?
    Surely you don't expect me to just do these for, do you ?

    posted by Reiny

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