Question: 4 . How much do they save in a year on their monthly payments if they buy the $ 1 8 9 , 0 0

4.
How much do they save in a year on their monthly payments if they buy the $189,000 house with 20% down?
5.
How much would Scott and Jen have for furniture if they bought the less expensive house and put 20% down on that? (Assume they have the original down payment from question #1 and the 6% interest rate.)
Down Payment
Loan Amount
Monthly Payment
Money for Furniture
6.
What is the total interest savings if they choose this option instead of the zero down at 6.5% interest?
7.
How much do Jen and Scott save in interest by taking a 15-year mortgage versus a 30-year mortgage if they borrow $124,000 at 6% interest?

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