Chris is buying a house for $154,230. He made a down payment of $18,630 and will finance $135,600. He gets a 25-year, fixed rate loan with a rate of 7.535%. How much interest will he pay over the life of his loan?

Question

anonymous · Answer

Are you really that skinny though?

anonymous · Answer

Jp

anonymous · Answer

@zaphodplaysitsafe

espex · Answer

Are you using simple interest here (i=prt) or would you be compounding it over time?

anonymous · Answer

i think th simple interest formula would p be 154,230?