Victor Hicks
New member
- Joined
- Jul 11, 2013
- Messages
- 4
Two people have the same 30 year mortgage of 220,000 at 6 percent interest. One borrower pays their mortgage ten days early and the other pays their mortgage ten days late. A twenty day spread. First question is how much does the early payer save in interest and the second part of the question is what is the total amount difference paid between the twomortgages?
Meaning, the early payer will end up paying “such in such” less in interest and the late payer will end up paying “such in such” more in interest.
Meaning, the early payer will end up paying “such in such” less in interest and the late payer will end up paying “such in such” more in interest.
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