SOLUTION: you have bought a $160,000. house, put 10% down and financed the rest at 8% for 30 years. 10 years later you re-finance the remaining loan balance at 6% for 30 years. how much in t

SOLUTION: you have bought a $160,000. house, put 10% down and financed the rest at 8% for 30 years. 10 years later you re-finance the remaining loan balance at 6% for 30 years. how much in t

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Question 326666: you have bought a $160,000. house, put 10% down and financed the rest at 8% for 30 years. 10 years later you re-finance the remaining loan balance at 6% for 30 years. how much in total interest will you be paying for both loans?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
146334.05+109118.14=$255,452.19 total interest paid
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