If I were to buy a house for $425,000.00...?

Your monthly payment based strictly on the principal and interest pay would be as follows

A. 30 year mortgage term $3,419.65

B. 25 year mortgage term $3566.58

The difference is $146.93

The calculations above does not take into consideration your taxes and insurance that you would be required to pay on a yearly basis. Some counties require taxes to be paid semi-annually.

The calculations also include this amount as the complete loan amount with no down payment. Most lenders would want you to put money down on any property unless you are using a special program such as a VA backed mortgage loan.

In some instances the lender might require you to pay your taxes and insurance each month with your monthly mortgage payment, this is called an impound account and would increase your monthly mortgage payment to reflect the amount you would have to pay each month for this impound account.

I feel as this is some type of homework assignment as the interest rate is so far out of line with the current interest rate.

I hope this has been of some benefit to you,good luck.

"FIGHT ON"

You neglected to mention whether $425,000 is the amount of the mortgage, or the sale price of the house. How much are you paying down? Any points?

That interest rate is very high for the current market. Either this is a homework assignment and you need to do your own homework, once you have the missing data, or this is a bad-credit loan and forget the whole idea.