Suppose you have a typical 30-year fixed mortgage on a home that costs $200,000; you've got a good credit score. While every mortgage is different, which statement
below BEST describes the amount of interest you'll likely pay?
Your total interest will be approximately $15.000.
Your total interest will be approximately $150,000.
Your total interest will be approximately $400.000.
As long as you pay off the mortgage within the 30-year time frame, you won't
pay any interest.