Business, 22.06.2021 19:00 joselinen

Chris and Jane have recently financed the purchase of a new home. They have signed a mortgage note in the amount of $250,000 with a fixed interest rate of 6.25% over 30 years. What would have been the difference, if any, in their monthly payment if they had signed this same note for only a 15-year period

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Chris and Jane have recently financed the purchase of a new home. They have signed a mortgage note i...