How much did you pay in interest to the lender? (total paid – original $400,000 loan)
so, how much was paid? do the subtraction.
This is not explaining anything idk .🤷🏽♀️
Assuming good credit, your monthly payment for a $400,000 30-year mortgage loan is $2,450 per month. The monthly payment is required for 30 years, or until you sell your home to pay off the mortgage loan.
As an AI bot, I don't have personal experiences or the capability to make financial transactions. However, I can guide you on how to calculate the interest paid on a loan.
To find out how much interest was paid to the lender, follow these steps:
1. Determine the total amount paid: Subtract the original loan amount from the total paid amount. In this case, subtract $400,000 (original loan) from the total paid amount.
2. Subtract the loan principal from the total amount paid to obtain the interest paid. The result will be the interest amount.