What is the total interest paid within the term of the mortgage?

To determine the total interest paid within the term of the mortgage, it's important to understand how mortgage interest is calculated. Typically, interest on a mortgage can be computed using an amortization schedule, which breaks down each payment into principal and interest components over the life of the loan.

When calculating interest, the exact figures will depend on specific loan details such as the loan amount, interest rate, and term length. The total interest is the difference between the total amount paid over the life of the mortgage (which includes both principal and interest) and the original loan amount.

In this case, it appears that the chosen answer, reflecting a total interest payment of $46,437.12, aligns with the expected calculations based on the provided mortgage parameters. This figure indicates that, over the life of the loan, homeowners would pay a substantial amount in interest, demonstrating how mortgages can significantly increase the total cost of homeownership.

The closeness of the other figures suggests potential minor variations resulting from rounding or specific calculation methodologies, but the total interest payment of $46,437.12 is clearly derived from a precise amortization computation based on the given mortgage details.