document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=321662>Question 321662</A>: <I><SPAN STYLE=\"word-break: break-all;\"> In terms of paying less in interest, which is more economical for a $90,000.00 mortgage: a 30-year fixed rate at 9.5% or a 15 year fixed rate at 9%.<BR>\n" );
document.write( "How much is saved in interest.<BR>\n" );
document.write( "The buyer will save interest approx.: ______<BR>\n" );
document.write( "Your help is greatly appreciated. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #230346 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=230346\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest on a 30 year loan at 9.5% per year would be equal to $182,436.76\r<BR>\n" );
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document.write( "Interest on a 15 year loan at 9.0% per year would be equal to $74,311.19\r<BR>\n" );
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document.write( "The total interest you pay for the 30 year mortgage is substantially more than the total interest you pay for the 15 year mortgage.\r<BR>\n" );
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