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You borrow $165,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30… 1 answer below » You borrow $165,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay? Jan 11 2016 07:43 AM