Brady and Karen Hansen are checking out refinancing possibilities for their home loan (a principal balance of about $150,000) and discussing the pros...

Brady and Karen Hansen are checking out refinancing possibilities for their home loan (a principal balance of about $150,000) and discussing the pros and cons of a 30-year mortgage at 4.5% compounded monthly versus a 15-year mortgage at 4.25% compounded monthly. They find that thedifference in total interest(between the 30-year and the 15-year mortgage) would be