The smiths took out a $130000, 30-year mortgage at an APR OF 6.5%. The monthly payment was $821.69. What will be their total interest charges after 30 years?

Question

The smiths took out a $130000, 30-year mortgage at an APR OF 6.5%. The monthly payment was $821.69. What will be their total interest charges after 30 years?

Answer 1

The Smith's paid 360($821.69) on a loan of $130,000.

How much did they pay in total?

How much more than the loan amount was what they paid?