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Sagot :
Answer:
$168,564.80
Step-by-step explanation:
To determine how much more the couple will end up paying for the house than the original price of $125,000, we need to calculate the total amount paid through the monthly mortgage payments, and then subtract the original house price from the total amount paid to find the extra amount paid.
Calculate the Total Mortgage Payments
Total mortgage payments = Monthly payment × Number of payments
= $559.51 * 480
= $268,564.80
Calculate the Total Amount Paid for the House
Total amount paid = Down payment + Total mortgage payments
= $25,000 + $268,564.80
= $293,564.80
Calculate the Extra Amount Paid
Extra amount paid = Total amount paid − Original house price
= $293,564.80 - $125,000
= $168,564.80
Therefore, the couple will end up paying an additional $168,564.80 more than the original price of the house.
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