AI Evaluation Notes

To assess the prediction's accuracy, I will calculate the monthly payments for both 50-year and 30-year mortgages at a 6.5% interest rate for a $400,000 loan. For a $400,000 loan at 6.5% interest, the monthly payment for a 50-year mortgage is $2,165.17 and for a 30-year mortgage it is $2,528.27. The 50-year mortgage payment predicted was $2,250 which is off by more than 5%, and the prediction also claimed a $250 saving, when the actual saving is $363.10.