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The document discusses selecting a house and calculating mortgage options for a $239,900 house with a 20% down payment of $47,980. The borrower obtained interest rates from two lenders for 15-year and 30-year fixed rate mortgages. Calculations in an amortization schedule showed that with a 15-year mortgage from Bank of America, the total interest paid would be $126,141 less than the mortgage amount, while a 30-year mortgage would result in $168,492 in total interest paid. Making an extra $100 monthly paymen

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api-436954052

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EN