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That amounts to $21,890 less in interest over the life of a 30-year loan.
Because Fannie Mae is sponsored by the government, the money it raises to buy mortgages costs less in interest expense than what banks must pay.
Conversely, by shortening the mortgage term, you'll end up paying less in interest overall even though it will mean an increase in your monthly mortgage repayments.
Because a 15-year loan also has 180 fewer interest payments than a 30-year loan, the borrower with that 15-year loan would pay $194,000 less in interest over the life of the mortgage.
Most such "affordable housing" programs in New York City are financed through the sale of city-backed tax-exempt bonds, which currently pay about 1.5 percentage points less in interest than their taxable cousins might.
Having the Industrial Development Agency issue the bonds is desirable to the Yankees because the team would pay tens of millions of dollars less in interest, since payments to bondholders are exempt from city, state and federal taxes.
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It is hard to think of two developments that are less in our interest.
The N.C.A.A. continually demonstrates it is not its mission, much less in its interest, to address this whole sad situation.
The three judges ruled that in any event the nature of the murders justified nothing less in the interests of justice than a whole life sentence.
The lower the rate, the less it received in interest.
The central bank had been using a tiering system: the more a bank deposited, the less it earned in interest.
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