Quicker mortgage terms require you to shell out a lot less when you look at the notice, no matter if your own monthly premiums try large Say you have a 15-year, $200,000 mortgage at 3.5% (the same rate as above). You’d pay just $57,358 in total interest. At a 5% interest rate, you’d pay $84,686… Continue reading Quicker mortgage terms require you to shell out a lot less when you look at the notice, no matter if your own monthly premiums try large