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Terms ceiling of original residential mortgage equity : $ 200,000 @ 7.25 % for 30 years
Total interest pivotal on original mortgage hundred : $ 290,000
Interest rate for risk replacement mortgage erection : 6.25 %
Total interest on mortgages new mortgage: $ 267,000
Amount saved hermit over 30 years: ($ 290,000 - $ 267,000) $ 23,000

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