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While we all know that you will save a bundle in interest if you choose a home loan that has a shorter duration, we also know that this can cost a lot more out of our pockets each month. This may come as a surprise but you can save about 100 thousand dollars over the course of your mortgage if you opt for a 15 year loan. I was shocked to discover that the interest paid over 15 years was 64,000 dollars in comparison to 164,000 dollars for a 30 year mortgage.
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