I'm seriously struggling

Sebastian and Caroline obtained a 30-year, fixed rate mortgage for $154,850 on a home that cost them $169,900. If the interest rate on the mortgage is 5.57%, what is the total cost of the principal and interest at the end of the mortgage?

Question

I'm seriously struggling 


Sebastian and Caroline obtained a 30-year, fixed rate mortgage for $154,850 on a home that cost them $169,900. If the interest rate on the mortgage is 5.57%, what is the total cost of the principal and interest at the end of the mortgage?

dumbcow · Answer

can you use a financial calculator or do you have to do it by hand?
depends what class you are taking

dumbcow · Answer

anyway, monthly payment would be about $886.03

total paid at end of 30-yr is : $318,972.30


subtract principal: --> interest is: $164,122.30

anonymous · Answer

sorry it took me forever to reply! I could use a financial calculator but the thing is I had no idea where to start or how to get there! but thank SO much