Mortgage lenders base the mortgage interest rate they offer you on your credit rating. This makes it financially critical to maintain a
credit score of 740 or higher. How much more interest would you pay on a $195,000 home if you put 20% down and financed the
balance with a 30-year mortgage at 41% compared to a 30-year mortgage at 31% ?
Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount.
Interest paid