Assume a 25-year 490000 mortgage with a rate of 72 percent
Assume a 25-year, $490,000 mortgage with a rate of 7.2 percent. 9 years into the mortgage, rates have fallen to 6.2 percent. What would be the monthly saving to a homeowner from refinancing the outstanding mortgage balance at the lower rate?
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assume a 25-year 490000 mortgage with a rate of 72 percent 9 years into the mortgage rates have fallen to 62 percent
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