Due to the Covid-19 crisis, the Federal Reserve Bank cuts the interest rate so banks are offering good rates on mortgages. You are considering the purchase of a 2-bed room house that would require a mortgage of $320,000. How much more in total interest will you pay if you select a 30-year mortgage at 2.50% rather than a 15-year mortgage at 1.50%? (Round the monthly payment amount to 2 decimal places.)