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Economic data through the first half of the week was on the heavier side. for jumbo loan balances decreased from 4.18% to 4.09%. Points decreased from 0.23 to 0.21 (incl. origination fee) for 80%.
15-Year Fixed-Rate Loans. However, if you have a 15-year fixed-rate loan with the same terms, you will only pay $102,540.71 in interest over the of the loan. Of course, you will pay a bit more on your monthly mortgage payment. For the 15-year loan, your monthly mortgage payment would be $2,080.78.
The calculator will also create an amortization table for both the 15- and 30-year loans so you can do a side-by-side comparison of how fast you'll pay the loan.
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