SOLUTION: you buy a house for $160,000. you pay 10% down and finance the rest paying 8% interest on the remaining balance for 30 years. 10 years later you refinance the balance left at 6% fo
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-> SOLUTION: you buy a house for $160,000. you pay 10% down and finance the rest paying 8% interest on the remaining balance for 30 years. 10 years later you refinance the balance left at 6% fo
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Question 326659: you buy a house for $160,000. you pay 10% down and finance the rest paying 8% interest on the remaining balance for 30 years. 10 years later you refinance the balance left at 6% for 30 years. how much interest will you pay over the lifetime of the new loan? Answer by rfer(16322) (Show Source):
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