Jada is considering buying a house priced at $562,000. She plans on making a 10% down payment. Jada is getting a 15-year mortgage. One bank offered her an APR of 10% and a second bank offered an APR of 13%. She, of course, decided to go with the the bank with the 10% APR. How much money will she save on her monthly payments by going with this lower interest rate?
