Mortgage Amount
HOME PRICES WOULD DECREASE BUT THE MONTHLY MORTGAGE PAYMENT WOULD BE DOUBLED AND WE WOULD PAY TRIPPLE INTEREST TO THE BANKS. WE CAN’T PAY MORE FOR LESS. Mortgage Amount $ 1,265,000 $ 800,000 Interest Rate 2% 6.5% Amortization 25 years 25 years Interest per 5 years term $ 116,093 $245,159 Total Interest $ 341,000 $ … Continued