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How Much Difference Does Your Interest Make?

When it comes to interest rates, it is easy to know that the lower they are, the lower your payment will be. But, just how much of an effect can interest rates have on your mortgage payment? More than you think, actually. This infographic from Freddie Mac shows just how much interest rates can add to your payment, as well as how much it can affect what kind of house you can afford.

Cost-of-Interest-STM

Lydia Whiteford (60 Posts)


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